Markets Right Now: Indexes slide as energy, tech stocks sink
NEW YORK (AP) — The latest on developments in financial markets (All times local):
11:45 a.m.
Stocks fell sharply in midday trading, putting the market on track for its worst week in two years.
Energy companies fell more than the rest of the market Friday after Exxon Mobil and Chevron reported disappointing results.
Exxon lost 5.7 percent and Chevron fell 3.7 percent.
Technology companies also fell. Google's parent company, Alphabet, dropped 5 percent.
The Standard & Poor's 500 index gave up 30 points, or 1.1 percent, to 2,791.
The Dow Jones industrial average fell 343 points, or 1.3 percent, to 25,841. The Nasdaq fell 74 points, or 1 percent, to 7,312.