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Markets Right Now: Indexes drift in midday trading

NEW YORK — The latest on developments in financial markets (All times local):

11:45 a.m.

Stocks indexes are little changed in midday trading as the market eases back a day after setting its latest record highs.

Technology and industrial companies are gaining Thursday, but retailers and banks are lower.

Cable company Charter fell 1.6 per cent and entertainment conglomerate Viacom lost 4.6 per cent on reports that Viacom channels may go off the air in the New York area because of a contract dispute.

Women's clothing retailer J. Jill lost half its value after the company slashed its forecast for the third quarter.

The Standard & Poor's 500 index fell 4 points, or 0.2 per cent , to 2,550.

The Dow Jones industrial average lost 36 points, or 0.2 per cent , 22,836. The Nasdaq composite fell 8 points, or 0.1 per cent , to 6,595.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs.

AT&T sank 3 per cent in early trading Thursday after saying it was losing DirecTV subscribers. Cable TV operator Comcast also fell 2.3 per cent .

Banks were broadly higher after JPMorgan Chase and Citigroup both reported higher earnings than analysts were expecting.

The Standard & Poor's 500 index fell 4 points, or 0.2 per cent , to 2,550.

The Dow Jones industrial average lost 36 points, or 0.2 per cent , 22,836. The Nasdaq composite fell 8 points, or 0.1 per cent , to 6,595.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.33 per cent .

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