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NEW YORK – U.S. stocks are falling.
Energy companies are also getting lower heads for its 10th drop in a row. The price of oil has been falling steadily since early March and is now trading at its lowest price since March.
Stocks have fallen over the last two days but are still on track for strong weekly earnings.
Bond prices rose, sending yields lower.
KEEPING SCORE: The S & P 500 index dropped 31 points, or 1.1 percent, to 2,777 as of 2:54 pm. Eastern time. The Dow Jones Industrial Average fell 220 points, up 0.8 percent to 25.970.
The Nasdaq composite fell 134 points, 1.8 percent gold, to 7.396. The Russell 2000 index of smaller companies gave up 27 points, or 1.8 percent, to 1.550.
Even after falling on Thursday and Friday, the S & P 500 is still up 2 percent this week. It rose 2.4 percent last week but would need to gain another 5.6 percent to reach the all-time high he set on Sept. 20.
THE QUOTE: Kristina Hooper, chief global market strategist for Invesco, said investors are reacting to the concerns of China's economy, and the US-China trade dispute is partly to blame.
"We got a warning from the People's Bank of China that they were downward pressures on the Chinese economy," she said. "(Investors) are having concerns that these tariffs are going to kick China when it's down."
At the same time, the U.S. Jumped, and the Hooper said that it could be linked to the tariffs as well. Wholesale prices by the most in six years in October. The price of 0.6% of the price of food, fuel, and chemical prices. Its index has climbed 2.9 percent over the last year.
GAME OVER? Video game maker Activision Blizzard tumbled after its forecasts for the analyst's projections. The stock fell 9.7 percent to $ 56.74, and Take-Two Interactive lost 5.7 percent to $ 112.35. Other technologies and internet companies also turned lower. Apple fell 2.4 percent to $ 203.48 and Google's parent company Alphabet shed 2.3 percent to $ 1,069. Amazon lost 2.3 percent to $ 1,714.
OIL SKID: Benchmark U.S. crude lost 0.8 percent to settle at $ 60.19 in barrel in New York. After peaking at $ 76.41 a barrel in early October, a four-year high, U.S. crude has tumbled 21 percent to their lowest price since March. Brent crude, used in international oils, has fared almost as badly. On Friday it dropped 0.7 percent to $ 70.20 at Barrel in London.
Energy companies have done much better than the rest of the market. Over the last 30 days, the S & P 500 index of energy companies has fallen 12.5 percent, while the broader S & P 500 is down 3.6 percent.
Natural gas prices jumped 5 percent to $ 3.72 per 1,000 cubic feet. That helped gas companies stem their losses. In other energy trading, heating oil was little changed at $ 2.17 a gallon and wholesale gasoline fell 1.4 percent to $ 1.62 a gallon.
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AVENGERS ASSEMBLE … A CALL OF CASH: Walt Disney's net earnings were better than expected, "Avengers: Infinity War," "Incredibles 2" and the "Ant-Man" sequel. The stock gained 2.1 percent to $ 118.42.
PIPELINE WOES: TransCanada's Keystone XL pipeline, pending an environmental review. The long-delayed pipeline would begin with 830,000 barrels of crude oil in the Gulf Coast. U.S. District Judge Brian Morris was on the $ 8 billion project, ruling that the potential impact had not been considered as required by federal law. Environmentalists and Native American groups, citing property rights and potential oil spills.
The State Department issued a presidential permit for the pipeline in 2008, and after years of legal wrangling, President Barack Obama rejected the permit in 2015.
In Toronto, shares of TransCanada lost 1.7 percent.
GE GETS SHOCKED: General Electric sank another 6.4 percent to $ 8.52 after a JPMorgan Chase analyst cut $ 6 a share from $ 10. Stephen Tusa said six of GE's eight divisions might be unprofitable in 2020. The stock is on track to close at its lowest price since March 9, 2009, the day the stock market hits its low during the financial crisis.
BONDS: Pink rose prices. The yield on the 10-year Treasury note fell to 3.19 percent from 3.23 percent.
CURRENCY: The dollar slipped to 113.76 yen from 113.99 yen. The euro fell to $ 1.1333 from $ 1.1356.
OVERSEAS: The French CAC 40 and the FTSE 100 in Britain both fell 0.5 percent. Germany's DAX was little changed.
Tokyo's Nikkei 225 retreated 1 percent and Hong Kong's Hang Seng fell 2.4 percent. Seoul's Kospi gives up 0.3 percent.
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AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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