Markets Right Now: Stock indexes turn higher on Wall Street | iNFOnews | Thompson-Okanagan's News Source

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Markets Right Now: Stock indexes turn higher on Wall Street

FILE- In this Jan. 4, 2019, file photo Mario Picone, center, works with fellow specialists on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Jan. 7. (AP Photo/Richard Drew, File)
January 07, 2019 - 8:58 AM

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

11:45 a.m.

Stocks are turning higher in midday trading, led by retailers and smaller companies.

The gains Monday came after a report showed strong orders last month for service companies, which make up the bulk of the U.S. economy.

Investors were also keeping a close eye on a new round of trade talks between the U.S. and China.

Dollar Tree rose 5.8 per cent after activist investor Starboard value disclosed a stake in the discount retailer and pushed the company to make changes.

The S&P 500 index rose 24 points, or 1 per cent, to 2,556.

The Dow Jones Industrial Average added 146 points, or 0.6 per cent, to 23,577. The Nasdaq rose 94 points, or 1.4 per cent, to 6,833.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.68 per cent.

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9:35 a.m.

U.S. stocks are mixed as representatives from the U.S. and China start a new round of trade talks. Stocks endured huge swings over the past two days.

Retailers made some of the largest gains Monday. Discount retailer Dollar Tree jumped 3.7 per cent after an activist investment firm said the company should consider selling its Family Dollar business.

Stocks are coming off a huge gain Friday following a big loss on Thursday as investors worried about issues including economic growth.

The S&P 500 index lost 2 points, or 0.1 per cent, to 2,529.

The Dow Jones Industrial Average fell 51 points, or 0.2 per cent, to 23,381.

The Nasdaq rose 10 points, or 0.2 per cent, to 6,749.

News from © The Associated Press, 2019
The Associated Press

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