Markets Right Now: Stocks end mostly higher; Boeing falls - InfoNews

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Markets Right Now: Stocks end mostly higher; Boeing falls

Trader Jeffrey Vazquez works on the floor of the New York Stock Exchange, Tuesday, March 12, 2019. Another slide in Boeing weighed on the Dow Jones Industrial Average. (AP Photo/Richard Drew)
March 12, 2019 - 1:12 PM

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

4 p.m.

Stocks are closing mostly higher on Wall Street, extending gains for the S&P 500 index into a second day.

Technology and health care stocks did the most to pull the market higher Tuesday. Apple and UnitedHealth each rose 1.1 per cent.

Another big loss in Boeing pulled the Dow Jones Industrial Average lower for the second day running.

Boeing lost 6.1 per cent after many countries grounded the Boeing plane involved in the Ethiopian Airlines crash Sunday or banned it from their airspace.

The S&P 500 index rose 8 points, or 0.3 per cent, to 2,791.

The Dow lost 96 points, or 0.4 per cent, to 25,554. The Nasdaq rose 32 points, or 0.4 per cent, to 7,591.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.60 per cent.

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11:45 a.m.

Stocks are moving slightly higher on Wall Street at midday as technology and health care stocks rise.

The modest gains Tuesday follow a rally on Monday that snapped a five-day losing streak.

Boeing weighed down the Dow Jones Industrial Average for a second day as the airplane maker falls amid safety concerns following another deadly crash involving its most popular plane.

Google's parent company Alphabet rose 2.2 per cent and Botox maker Allergan rose 2.1 per cent.

The S&P 500 index rose 11 points, or 0.4 per cent, to 2,795.

The Dow fell 68 points, or 0.3 per cent, to 25,585. The Nasdaq rose 39 points, or 0.5 per cent, to 7,579.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.63 per cent.

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9:35 a.m.

Stocks are opening mostly higher on Wall Street, led by gains in technology companies and banks.

Google's parent company Alphabet added 1.8 per cent in the first few minutes of trading Tuesday. Fifth Third Bancorp rose 1.3 per cent.

Another slide in Boeing weighed on the Dow Jones Industrial Average. Boeing lost 3 per cent as more of its 737 Max 8 jets are idled following the second crash involving the jet model in less than five months.

The S&P 500 index rose 6 points, or 0.2 per cent, to 2,789.

The Dow fell 36 points, or 0.1 per cent, to 25,618. The Nasdaq rose 16 points, or 0.2 per cent, to 7,576.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.62 per cent.

News from © The Associated Press, 2019
The Associated Press

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