Markets Right Now: Stocks extend their gains on Wall Street - InfoNews

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Markets Right Now: Stocks extend their gains on Wall Street

FILE- In this Feb. 5, 2019, file photo specialist Anthony Rinaldi, left, and trader Michael Conlon work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 13. (AP Photo/Richard Drew, File)
February 13, 2019 - 1:10 PM

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

4 p.m.

Stocks extended their gains on Wall Street as investors remain optimistic that the U.S. and China will make more progress in resolving their trade dispute.

Energy companies, retailers and industrial companies led the market higher Wednesday, a sign that investors expect the economy to remain healthy.

Exxon Mobil rose 1.1 per cent and Home Depot climbed 1.6 per cent.

Hilton Worldwide jumped 6.8 per cent after its earnings and revenue easily beat analysts' forecasts.

The S&P 500 index rose 8 points, or 0.3 per cent, to 2,753.

The Dow Jones Industrial Average climbed 117 points, or 0.5 per cent, to 25,543. The Nasdaq edged up 5 points, or 0.1 per cent, to 7,420.

Bond prices fell. The yield on the 10-year Treasury rose to 2.71 per cent.

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11:45 a.m.

Stocks extended their gains on Wall Street as investors remain optimistic that the U.S. and China will make more progress in resolving their trade dispute.

Banks and energy companies helped lead the market higher Wednesday, a sign that investors expect the economy to remain healthy.

Goldman Sachs rose 1.2 per cent and Marathon Petroleum climbed 2.3 per cent.

Hilton Worldwide jumped 5.9 per cent after its earnings and revenue easily beat analysts' forecasts.

The S&P 500 gained 4 points, or 0.2 per cent, to 2,749.

The Dow Jones Industrial Average rose 67 points, or 0.3 per cent, to 25,494. The Nasdaq was little changed at 7,418.

Bond prices fell. The yield on the 10-year Treasury rose to 2.71 per cent.

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9:35 a.m.

Stocks are opening broadly higher on Wall Street after several companies turned in results that were better than investors were expecting.

Hilton Worldwide jumped 5.7 per cent early Wednesday after its earnings and revenue easily beat analysts' forecasts.

Global Payments also rose 2.4 per cent after reporting strong results.

Groupon slumped 14.4 per cent after turning in a disappointing quarterly report card.

The S&P 500 gained 12 points, or 0.4 per cent, to 2,756.

The Dow Jones Industrial Average rose 129 points, or 0.5 per cent, to 25,555. The Nasdaq added 35 points, or 0.5 per cent, to 7,447.

Bond prices fell. The yield on the 10-year Treasury rose to 2.71 per cent.

News from © The Associated Press, 2019
The Associated Press

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