Markets Right Now: Early gain on Wall Street mostly fades

NEW YORK (AP) — The latest on developments in financial markets (all times local):
1 p.m.
An early rally on Wall Street has mostly evaporated in afternoon trading, leaving indexes with meager gains following a two-day rout.
Longtime investor favorites like Amazon and Apple were still higher Friday, but banks turned lower and energy stocks were also lagging.
Major indexes fell more than 5 percent over the previous two days as investors worried about rising interest rates.
The S&P 500 ro