FILE- In this Jan. 11, 2019, file photo, Specialist John O'Hara, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 24. (AP Photo/Richard Drew, File)
Republished January 24, 2019 - 1:11 PM
Original Publication Date January 24, 2019 - 9:21 AM
NEW YORK - The latest on developments in financial markets (all times local):
4 p.m.
Stocks finished mostly higher after another day of mixed trading.
Chipmakers led a rally among technology stocks Thursday. Xilinx jumped 18.4 per cent after reporting results that beat forecasts.
PG&E surged 24.9 per cent after investigators ruled that the utility was not at fault for a Northern California wildfire that killed 22 people in 2017.
Spice maker McCormick plunged 10.5 per cent after reporting a weak quarter.
The S&P 500 index rose 3 points, or 0.1 per cent, to 2,642.
The Dow Jones Industrial Average slipped 22 points, or 0.1 per cent, to 24,553. The Nasdaq added 47 points, or 0.7 per cent, to 7,073.
Bond prices rose. The yield on the 10-year Treasury fell to 2.71 per cent.
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11:45 a.m.
Stocks are mostly higher in midday trading on Wall Street as investors react to the latest earnings reports from corporate America.
Technology companies are climbing Thursday and American Airlines is rallying after it beat analysts' expectations.
Spice maker McCormick plunged 13 per cent after reporting a weak quarter.
Cloud computing company Citrix Systems sank 7.2 per cent after issuing a disappointing forecast.
The S&P 500 index rose 4 points, or 0.2 per cent, to 2,643.
The Dow Jones Industrial Average was little changed at 24,592. The Nasdaq added 42 points, or 0.6 per cent, to 7,067.
Bond prices rose. The yield on the 10-year Treasury fell to 2.71 per cent.
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9:35 a.m.
Stocks are off to a mixed start on Wall Street as gains for American Airlines and other carriers are offset by losses elsewhere.
American jumped 5.7 per cent in early trading Thursday after reporting solid earnings in its latest quarter.
Student loan company Sallie Mae rose 8.8 per cent after reporting good results of its own.
Elsewhere, cloud computing company Citrix Systems sank 4.5 per cent after issuing a weak forecast.
The S&P 500 index slipped 4 points, or 0.2 per cent, to 2,634.
The Dow Jones Industrial Average fell 83 points, or 0.3 per cent, to 24,492. The Nasdaq composite edged up 21 points, or 0.3 per cent, to 7,048.
News from © The Associated Press, 2019