Markets Right Now: Stocks rise but still end the week lower - InfoNews

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Markets Right Now: Stocks rise but still end the week lower

FILE- In this Jan. 18, 2019, file photo specialist Michael Pistillo works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 25. (AP Photo/Richard Drew, File)
January 25, 2019 - 1:09 PM

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

4 p.m.

Stocks are closing higher on Wall Street but still wound up with a weekly loss, ending a four-week winning streak.

Technology and industrial stocks wound up with the biggest gains on Friday. Apple climbed 3.3 per cent and Boeing added 1.7 per cent.

Retailers, energy companies and makers of basic materials all did better than the broader market. Those industries and stocks tend to do better when economic growth improves.

Starbucks jumped 3.6 per cent after reporting strong sales.

The S&P 500 index rose 22 points, or 0.8 per cent, to 2,664.

The Dow Jones Industrial Average climbed 183 points, or 0.7 per cent, to 24,737. The Nasdaq added 91 points, or 1.3 per cent, to 7,164.

Bond prices fell. The yield on the 10-year Treasury rose to 2.75 per cent.

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11:45 a.m.

Stocks are climbing in midday trading on Wall Street, led by gains in technology and consumer-focused companies.

Optimism over economic growth is sending industrial and energy companies higher Friday, along with banks and makers of basic materials.

Starbucks jumped 3.7 per cent after reporting strong sales over the holiday period.

Western Digital rose 5.1 per cent after issuing a positive forecast. Rival hard drive maker Seagate climbed 5.7 per cent.

The S&P 500 index rose 26 points, or 1 per cent, to 2,668.

The Dow Jones Industrial Average climbed 238 points, or 1 per cent, to 24,790. The Nasdaq added 93 points, or 1.3 per cent, to 7,166.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.74 per cent.

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9:35 a.m.

Stocks are opening broadly higher on Wall Street after several companies released solid earnings and forecasts.

Starbucks rose 2.5 per cent early Friday after reporting that sales were strong over the holiday period, and Western Digital jumped 9 per cent after issuing a positive forecast. Rival hard drive maker Seagate also rose 9.4 per cent.

The S&P 500 index rose 17 points, or 0.7 per cent, to 2,659.

The Dow Jones Industrial Average rose 194 points, or 0.8 per cent, to 24,748. The Nasdaq composite rose 47 points, or 0.7 per cent, to 7,120.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.74 per cent.

News from © The Associated Press, 2019
The Associated Press

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