Markets Right Now: Ebbing trade worries send stocks higher - InfoNews

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Markets Right Now: Ebbing trade worries send stocks higher

FILE- In this May 24, 2016, file photo, the statue of George Washington, on the steps of the Federal Hall National Monument, overlooks Wall Street and the New York Stock Exchange, right, in New York's Financial District. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, April 5, 2018. . (AP Photo/Richard Drew)
April 05, 2018 - 1:09 PM

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

4 p.m.

Stocks closed higher as traders became more optimistic that the U.S. and China will be able to resolve their trade differences without too much damage.

Some of the biggest gains Thursday went to retailers, technology companies and banks.

Amazon climbed 2.9 per cent, Facebook rose 2.7 per cent and JPMorgan Chase added 1.3 per cent.

Safe-play stocks like real estate companies lagged the market, a sign that investors were more comfortable taking on risk.

The S&P 500 rose 18 points, or 0.7 per cent, to 2,662.

The Dow Jones industrial average climbed 240 points, or 1 per cent, to 24,505. The Nasdaq composite added 34 points, or 0.5 per cent, to 7,076.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.84 per cent.

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11:45 a.m.

Stocks in the U.S. are rising and major indexes in Europe are surging as global markets continue a rally that began late the previous day.

Some of the biggest gains Thursday went to technology companies, retailers and banks.

Facebook rose 2.6 per cent, Amazon climbed 2.9 per cent and JPMorgan Chase added 2 per cent.

Investors are becoming more optimistic that a trade dispute between the U.S. and China will be resolved without too much pain.

Safe-play stocks like utilities lagged the market, a sign that investors were more comfortable taking on risk.

The S&P 500 rose 25 points, or 1 per cent, to 2,669.

The Dow Jones industrial average climbed 325 points, or 1.3 per cent, to 24,588. The Nasdaq added 58 points, or 0.8 per cent, to 7,100.

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9:35 a.m.

Stocks are opening higher on Wall Street as the market builds on a solid gain from late in the day before.

Technology companies and banks put up solid gains early Thursday. Facebook climbed 3 per cent and JPMorgan Chase rose 1.6 per cent.

Stocks rose late in the day Wednesday and fears eased that the U.S. and China were headed for a trade war.

Safe-play stocks like utilities lagged the market, a signal that investors were more comfortable taking on risk.

The S&P 500 rose 14 points, or 0.5 per cent, at 2,658.

The Dow Jones industrial average climbed 167 points, or 0.7 per cent, to 24,436. The Nasdaq added 48 points, or 0.7 per cent, to 7,092.

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

News from © The Associated Press, 2018
The Associated Press

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