Markets Right Now: US indexes push toward more record highs - InfoNews

Current Conditions

Cloudy
1.4°C

Markets Right Now: US indexes push toward more record highs

November 28, 2017 - 8:55 AM

The latest on developments in financial markets (All times local):

11:45 a.m.

Stocks are pushing higher on Wall Street in midday, trading putting major indexes on track for more record high closes.

Banks and technology companies are posting solid gains Tuesday. JPMorgan Chase was up 1.4 per cent and Microsoft was up 1 per cent.

Buffalo Wild Wings jumped 6.3 per cent after agreeing to be acquired by the company that owns Arby's. Emerson Electric was up 3.2 per cent after withdrawing its bid for Rockwell Automation.

RV maker Thor Industries soared 11.1 per cent after reporting earnings that were much higher than analysts were expecting.

The Standard & Poor's 500 index rose 12 points, or 0.5 per cent, to 2,613.

The Dow Jones industrial average gained 122 points, or 0.5 per cent, to 23,702. The Nasdaq composite climbed 16 points, or 0.3 per cent, to 6,895.

___

9:35 a.m.

Stocks are opening broadly higher on Wall Street and several companies are moving on deal news.

Buffalo Wild Wings jumped 6.3 per cent early Tuesday after agreeing to be acquired by Arby's. Emerson Electric was up 2.6 per cent after withdrawing its bid for Rockwell Automation.

RV maker Thor Industries soared 12.7 per cent after reporting earnings that were much higher than analysts were expecting.

The Standard & Poor's 500 index rose 4 points, or 0.2 per cent, to 2,606.

The Dow Jones industrial average gained 65 points, or 0.3 per cent, to 23,645. The Nasdaq composite edged up 3 points, or 0.1 per cent, to 6,882.

More stocks rose than fell on the New York Stock Exchange.

News from © The Associated Press, 2017
The Associated Press

  • Popular kelowna News
  • Comments
View Site in: Desktop | Mobile