Markets Right Now: Stocks plunge again, led by technology

The latest on developments in financial markets (all times local):

2:07 p.m.

Major indexes are sinking again as traders continue to unload stocks, extending dismal streak for the stock market.

Friday’s sell-off erased more than 500 points from the Dow Jones Industrial Average, bringing its weekly drop to more than 1,000.

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Technology and health care stocks led the way lower. Microsoft fell 3.4 percent.

Traders have been dumping stocks this week as doubts emerged about how much progress had been made on defusing trade tensions between the U.S. and China.

News that a prominent Chinese tech executive had been arrested at Washington’s request suggested those tensions could get worse.

The Dow dropped 561 points, or 2.2 percent, to 24,394.

The S&P 500 fell 59 points, or 2.2 percent, to 2,636. The Nasdaq fell 190 points, or 2.7 percent, to 6,999.

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11:45 a.m.

Stocks are falling sharply on Wall Street, erasing an early gain, as the market closed in on its third weekly decline in four weeks.

Losses in technology and health care stocks Friday outweighed gains elsewhere in the market. Microsoft lost 2.1 percent.

Energy companies led the gainers as crude oil prices rose on news that OPEC members agreed to cut production next year. Anadarko Petroleum rose 3.4 percent.

The Dow Jones Industrial Average fell 321 points, or 1.3 percent, to 24,626.

The S&P 500 index fell 31 points, or 1.2 percent, to 2,664. The Nasdaq composite gave up 109 points, or 1.5 percent, to 7,079.

Bond prices fell. The yield on the 10-year Treasury rose to 2.89 percent.

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9:35 a.m.

Stocks are edging higher in the early

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