Markets Right Now: Stocks extend records on last day of 3Q | iNFOnews | Thompson-Okanagan's News Source

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Markets Right Now: Stocks extend records on last day of 3Q

September 29, 2017 - 1:13 PM

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

4 p.m.

Stocks closed out the third quarter on a strong note, sending several major indexes to more record highs.

Technology stocks contributed the most the market's gains on Friday, and in the quarter. Chipmaker Nvidia climbed 1.8 per cent and Applied Materials rose 2.9 per cent.

Tyson Foods jumped 7.6 per cent after giving a strong profit forecast, and KB Home rose 8.6 per cent after reporting a good quarter.

The Standard & Poor's 500 rose 9 points, or 0.4 per cent, to 2,519.

The Dow Jones industrial average recovered from an early stumble and finished up 23 points, or 0.1 per cent, to 22,405. The Nasdaq rose 42 points, or 0.7 per cent, to 6,495.

The S&P and Nasdaq closed at record highs.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.33 per cent.

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11:45 a.m.

U.S. stocks are pushing further into record territory on Wall Street as technology shares climb.

Tyson Foods jumped 8 per cent in midday trading Friday after it gave strong profit forecasts, and investors cheered strong quarterly results from homebuilder KB Home.

Stocks were at record highs heading into the final trading day of the third quarter.

The Standard & Poor's 500 index rose 6 points, or 0.3 per cent, to 2,516. The S&P 500 index closed at a record high a day earlier.

The Dow Jones industrial average gave up 7 points, less than 0.1 per cent, to 22,374. The Nasdaq composite rose 33 points, or 0.5 per cent, to 6,486.

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9:35 a.m.

U.S. stocks are off to a mixed start on Wall Street as gains in big technology companies are partly offset by losses in energy and industrial stocks.

Chipmaker Nvidia rose 1.6 per cent early Friday and business software maker Oracle increased 1.2 per cent. Newfield Exploration fell 1 per cent and United Technologies gave up 0.8 per cent.

The Standard & Poor's 500 edged up 1 point, less than 0.1 per cent, to 2,511. The S&P 500 closed at a record high a day earlier.

The Dow Jones industrial average gave up 36 points, or 0.2 per cent, to 22,344. The Nasdaq composite rose 17 points, or 0.3 per cent, to 6,471.

News from © The Associated Press, 2017
The Associated Press

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