NEW YORK (AP) — The latest on developments in U.S. financial markets:
U.S. stocks are edging mostly lower in midday trading as industrial companies like defense contractor Raytheon fall.
Bond yields are moving higher Thursday as investors sold government bonds. That's helping to send high-dividend stocks like real estate companies and utilities lower.
Health care companies bucked the downward trend.
Drugmaker Celgene jumped 7 percent after reporting earnings that easily beat analysts' forecasts.
Elsewhere, electric car maker Tesla rose 2 percent after reporting its first quarterly profit in three years.
The Dow Jones industrial average was little changed at 18,203. The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,137. The Nasdaq composite lost 14 points, or 0.3 percent, to 5,236.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.85 percent.