• In this Monday, Sept. 26, 2016, file photo, trader James Dresch, center, works on the floor of the New York Stock Exchange. Energy stocks led most markets higher on Thursday, Sept. 29, after OPEC nations reached a preliminary deal to cut oil production for the first time in eight years. (AP Photo/Richard Drew, File)

    Stocks slip as drug companies fall; oil drillers climb

    NEW YORK (AP) — U.S. stocks are skidding Thursday and giving up most of their gains from the last two days. EpiPen maker Mylan and other drug companies face scrutiny over increases in product prices. Banks are falling as bond yields decrease, and interest rates go with them. High-dividend stocks like utilities and real estate companies are also slumping.

    Updated: 11:34 am

  • In this Monday, Sept. 26, 2016, file photo, trader Leon Montana works on the floor of the New York Stock Exchange. U.S. stock markets opened slightly higher Wednesday, Sept. 28, 2016, as energy companies are rising with the price of oil. (AP Photo/Richard Drew, File)

    US stocks give up an early gain and turn lower at midday

    HONG KONG (AP) — Energy companies led a rally in Asian stock markets Thursday as investors welcomed news that OPEC nations planned to cut oil production for the first time in eight years in an effort to reduce a global glut.