Markets Right Now: An early rally gone, stocks slide at noon

NEW YORK (AP) — The latest on developments in financial markets (all times local):11:45 a.m.

Stocks are turning lower on Wall Street at midday, erasing an early rally, as traders wait to if any details emerge about progress being reported in trade talks between the U.S. and China.

Technology, health care and communications companies gave back the most Monday.

Salesforce.com sank 4.9 percent, UnitedHealth Group fell 3.6 percent and AT&T, which announced a big restructuring of its WarnerMedia division, which includes HBO and several other cable channels.

The S&P 500 index fell 26 points, or 0.9 percent, to 2,777.

The Dow Jones Industrial Average lost 300 points, or 1.1 percent, to 25,720.