Markets Right Now: Stocks close mostly lower on Wall Street

Closing Indexes Summary April 11

A Peek Into The Markets: US Stock Futures Signal Higher Start On Wall Street

Not only did small energy companies outperform broader stocks on a down day, they also beat large energy stocks as well.

MORE and more people are becoming aware of the benefits of investing in the stock market and this has been obvious from the number of new investors who entered the market last month. The UK's FTSE index was trading lower by 0.12 percent, while French CAC 40 Index rose 0.37 percent.

Analysts expect quarterly profits for S&P 500 companies to rise 18.5 percent from a year ago, which would be the biggest gain in seven years, according to Thomson Reuters I/B/E/S.

The Dow is down 740.12 points, or 3 percent. It had been up as much as 440 earlier.

In Asian markets, Japan's Nikkei Stock Average rose 0.51 percent, Hong Kong's Hang Seng Index climbed 1.29 percent, China's Shanghai Composite Index rose 0.23 percent and India's BSE Sensex rose 0.48 percent. Small energy companies-as measured by the S&P SmallCap 600 Energy Index-jumped more than 2% on the day, and a subindex of small energy equipment and services stocks rose almost 3%.

Energy companies rose along with the price of crude oil, which gained 2.2 percent.

US stocks dropped about two per cent on Friday, with the Dow falling more than 570 points, as US President Donald Trump's latest tariff threat on Chinese imports fuelled increasing concern over a US trade war with China.

USA stocks are climbing in midday trading as technology companies, banks and industrial companies rally.

Shares of major USA automakers such as General Motors, Ford, Fiat Chrysler and Tesla were up between 2 percent and 3 percent following Xi's comments. Microsoft gave back 1 percent, and JPMorgan Chase and Bank of America each fell 1.2 percent.

Gene therapy developer AveXis soared 79 percent after drugmaker Novartis agreed to buy it.

The rising tensions sent oil prices surging, boosting energy stocks almost 1 percent.

The Dow Jones industrial average lost 158 points, or 0.7 percent, to 24,247.

The S&P 500 rose 16 points, or 0.6 percent, to 2,658.

Bond prices rose. The yield on the 10-year Treasury fell to 2.77 percent.

Banks were also higher as bond yields rose.

The S&P 500 was up 43.86 points, or 1.68 percent, at 2,657.02 and the Nasdaq Composite was up 120.52 points, or 1.73 percent, at 7,070.86.

The Dow Jones industrial average rose 212 points, or 0.9 percent, to 24,401.

The Labor Department said the consumer price index dipped by 0.1 percent in March after rising by 0.2 percent in February.

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