Markets Right Now: Tech leads US stocks broadly higher | iNFOnews | Thompson-Okanagan's News Source

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Markets Right Now: Tech leads US stocks broadly higher

FILE- In this March 12, 2019, file photo a handheld device of trader Sal Suarino is reflected in his glasses as he works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, March 21. (AP Photo/Richard Drew, File)
March 21, 2019 - 1:08 PM

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

4 p.m.

The stock market closed broadly higher, led by gains in Apple and other big technology companies.

Apple rose 3.7 per cent Thursday. The company has made several product announcements this week and has an event scheduled next Monday where presumably more announcements will be made.

Chipmakers also rose. Micron Technology jumped 9.2 per cent.

Levi Strauss soared 32 per cent as the storied jeans maker went public for the second time.

Biogen plunged 29 per cent after the drugmaker halted a trial of an Alzheimer's treatment.

The S&P 500 index rose 30 points, or 1.1 per cent, to 2,854.

The Dow Jones Industrial Average climbed 216 points, or 0.8 per cent, to 25,962. The Nasdaq rose 109 points, or 1.4 per cent, to 7,838.

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11:45 a.m.

The stock market shook off two days of sluggish trading and moved broadly higher at midday, led by gains in Apple and other big technology companies.

Apple rose 3.6 per cent Thursday. The company has made several product announcements this week and has an event scheduled next Monday where presumably more announcements will be made.

Chipmakers were also rising. Micron Technology jumped 9.2 per cent.

Levi Strauss soared 33 per cent as the storied jeans maker went public for the second time.

Biogen plunged 27 per cent after the drugmaker halted a trial of an Alzheimer's drug.

The S&P 500 index rose 23 points, or 0.8 per cent, to 2,848.

The Dow Jones Industrial Average climbed 202 points, or 0.8 per cent, to 25,946. The Nasdaq rose 79 points, or 1 per cent, to 7,807.

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9:35 a.m.

Stocks are off to a mixed start on Wall Street as gains by technology and consumer goods companies offset declines elsewhere in the market.

Apple picked up 1.9 per cent in early trading Thursday.

Banks and health care companies were broadly lower.

Biogen slumped 27 per cent after the drugmaker halted a trial of an Alzheimer's drug.

The S&P 500 index was little changed at 2,824.

The Dow Jones Industrial Average edged up 10 points to 25,764. The Nasdaq rose 14 points, or 0.2 per cent, to 7,745.

Bond prices rose. The yield on the 10-year Treasury fell to 2.52 per cent.

News from © The Associated Press, 2019
The Associated Press

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