Markets Right Now: S&P 500 notches 3rd straight weekly gain - InfoNews

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Markets Right Now: S&P 500 notches 3rd straight weekly gain

FILE- In this Feb. 12, 2019, file photo trader Robert Charmak, center, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, April 12. (AP Photo/Richard Drew, File)
April 12, 2019 - 1:07 PM

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

4 p.m.

Stocks are closing broadly higher on Wall Street, giving the S&P 500 index its third weekly gain in a row and putting it within reach of the record high it hit last September.

Banks led the gains Friday after JPMorgan Chase reported a strong quarter, helped by higher interest rates. The country's largest bank by assets rose 4.7%. Other banks also rose.

Disney soared 11.5% after unveiling a new video streaming service to go up against Netflix, the industry leader. Netflix fell 4.5%.

The S&P 500 rose 19 points, or 0.7%, to 2,907.

The Dow Jones Industrial Average rose 269 points, or 1%, to 26,412. The Nasdaq rose 36 points, or 0.5%, to 7,984.

Bond prices fell. The yield on the benchmark 10-year Treasury rose to 2.56%.

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11:45 a.m.

Stocks are rising broadly in midday trading on Wall Street, putting the S&P 500 index on track to post its third straight weekly gain.

Banks are leading the way higher Friday. JPMorgan Chase jumped 4.5% after reporting a solid increase in earnings. Other banks also rose.

Disney soared 10.3% after unveiling a new video streaming service to go up against Netflix. Netflix was off 3.9%.

Chevron sank 4.6% after announcing a deal to buy Anadarko Petroleum for $33 billion. Anadarko skyrocketed 33.7% higher.

The S&P 500 rose 13 points, or 0.5%, to 2,901.

The Dow Jones Industrial Average rose 209 points, or 0.8%, to 26,350. The Nasdaq rose 18 points, or 0.2%, to 7,966.

Bond prices fell. The yield on the benchmark 10-year Treasury rose to 2.55%.

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9:35 a.m.

Stocks are broadly higher on Wall Street in early trading as banks and media companies move higher.

JPMorgan Chase jumped 3.5% early Friday after reporting a solid increase in earnings, and Disney soared 10.5% after unveiling a new video streaming service to go up against Netflix. Netflix was off 3.1%.

Chevron sank 4.6% after announcing a deal to buy Anadarko Petroleum for $33 billion. Anadarko skyrocketed 32.5% higher.

The S&P 500 index rose 18 points, or 0.6%, to 2,906.

The Dow Jones Industrial Average rose 256 points, or 1%, to 26,410. The Nasdaq rose 38 points, or 0.5%, to 7,985.

Bond prices fell sharply, sending yields higher. The yield on the benchmark 10-year Treasury rose to 2.55% from 2.50% late Thursday.

News from © The Associated Press, 2019
The Associated Press

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