Markets Right Now: Tech, banks lead solid gains for stocks - InfoNews

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Markets Right Now: Tech, banks lead solid gains for stocks

This April 5, 2018, photo shows a sign for a Wall Street subway station in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, April 12. (AP Photo/Richard Drew)
April 12, 2018 - 1:08 PM

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

4 p.m.

Stocks are closing solidly higher as the market adds to its big gains from earlier in the week.

Technology companies and banks contributed the most to the gains Thursday. Microsoft added 1.9 per cent and JPMorgan Chase rose 2.5 per cent.

Delta Air Lines jumped 2.9 per cent and BlackRock rose 1.5 per cent after each reported strong results in the latest quarter.

Bed, Bath & Beyond plunged 20 per cent after giving a weak forecast for its fiscal year.

The S&P 500 rose 21 points, or 0.8 per cent, to 2,663.

The Dow Jones industrial average rose 293 points, or 1.2 per cent, to 24,483. The Nasdaq composite climbed 71 points, or 1 per cent, to 7,140.

Bond prices fell. The yield on the 10-year Treasury rose to 2.83 per cent.

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11:45 a.m.

U.S. stocks are climbing in midday trading as technology companies, banks and industrial companies rally.

Delta Air Lines and BlackRock are rising Thursday after reporting strong results in the first quarter. Delta and BlackRock each rose 2.3 per cent.

Big technology companies are also making big gains. Intel jumped 2.9 per cent and chipmaker Micron Technology rose 3.8 per cent.

Bed, Bath & Beyond plunged 19 per cent after giving a weak forecast for its fiscal year.

The S&P 500 rose 21 points, or 0.8 per cent, to 2,663.

The Dow Jones industrial average rose 286 points, or 1.2 per cent, to 24,472. The Nasdaq composite climbed 70 points, or 1 per cent, to 7,139.

Bond prices fell. The yield on the 10-year Treasury rose to 2.82 per cent.

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9:35 a.m.

Stocks are opening solidly higher on Wall Street as the market regains ground following a loss the day before.

Several companies were moving higher after reporting encouraging results. Delta Air Lines and fund manager BlackRock each rose 1.8 per cent.

Technology companies and banks were also among the early gainers. Intel rose 1.7 per cent and Citigroup climbed 1.3 per cent.

The S&P 500 rose 16 points, or 0.6 per cent, to 2,658.

The Dow Jones industrial average rose 212 points, or 0.9 per cent, to 24,401. The Nasdaq composite climbed 46 points, or 0.7 per cent, to 7,115.

Bond prices fell. The yield on the 10-year Treasury rose to 2.81 per cent.

News from © The Associated Press, 2018
The Associated Press

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