Markets Right Now: Stocks trading lower on Wall Street
NEW YORK (AP) — The latest on developments in global financial markets (all times local):
U.S. stocks are trading mostly lower Friday, with the biggest losses going to phone and utility companies.
Applied Materials jumped nearly 7 percent after the chipmaking equipment manufacturer disclosed strong new orders and a solid backlog.
Disappointing forecasts sent Estee Lauder down 3 percent, while Foot Locker jumped 6 percent after reporting higher profit and sales in the second quarter.