Markets Right Now: Stocks eke out gains after a bumpy day - InfoNews

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Markets Right Now: Stocks eke out gains after a bumpy day

FILE- In this Dec. 28, 2018, file photo trader Jonathan Corpina, right works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 1. (AP Photo/Richard Drew, File)
February 01, 2019 - 1:12 PM

NEW YORK - The latest on developments in financial markets (all times local):

4 p.m.

Stocks held on to tiny gains at the end of an up-and-down day of trading on Wall Street.

Major indexes were higher for much of the morning as investors applauded the latest burst of hiring by U.S. employers.

The enthusiasm was tempered, however, by a disappointing revenue outlook from Amazon. Amazon fell 5.4 per cent.

Exxon Mobil and Chevron rose after reporting earnings that were better than analysts expected.

The S&P 500 index edged up 2 points, or 0.1 per cent, to 2,706.

The Dow Jones Industrial Average climbed 64 points, or 0.3 per cent, to 25,063. The Nasdaq edged down 17 points, or 0.3 per cent, to 7,263.

Bond price fell. The yield on the 10-year Treasury rose to 2.69 per cent.

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11:45 a.m.

Stocks are moving higher on Wall Street as investors applaud the latest burst of hiring by U.S. employers.

The government reported Friday that employers added 304,000 jobs last month, the most in almost a year.

Exxon Mobil and Chevron rose after reporting earnings that were better than analysts expected.

Banks, energy and technology companies rose, but those gains were offset somewhat by weakness elsewhere.

Amazon fell 3.9 per cent after issuing a revenue forecast that wasn't as strong as investors were expecting.

The S&P 500 index rose 10 points, or 0.4 per cent, to 2,714.

The Dow Jones Industrial Average climbed 174 points, or 0.7 per cent, to 25,176. The Nasdaq edged up 15 points, or 0.2 per cent, to 7,296.

Bond price fell. The yield on the 10-year Treasury rose to 2.69 per cent.

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9:35 a.m.

Stocks are opening higher on Wall Street as investors applauded the latest burst of hiring by U.S. employers.

The gains in banks, energy and technology companies early Friday were offset by weakness elsewhere in the market, however, including a drop in Amazon, which issued a revenue forecast that wasn't as strong as investors were expecting.

The government reported that employers added 304,000 jobs last month, the most in almost a year.

Exxon Mobil and Chevron rose after reporting earnings that were better than analysts expected.

The S&P 500 index rose 3 points, or 0.1 per cent, to 2,707.

The Dow Jones Industrial Average climbed 91 points, or 0.4 per cent, to 25,093. The Nasdaq was little changed at 7,281.

Bond price fell. The yield on the 10-year Treasury rose to 2.65 per cent.

News from © The Associated Press, 2019
The Associated Press

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