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Markets Right Now: S&P 500 has longest win streak in 4 years

October 05, 2017 - 1:10 PM

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

4 p.m.

Solid gains for big technology companies helped push stocks higher on Wall Street, giving the Standard & Poor's 500 index its longest winning streak in four years.

Google parent Alphabet jumped 1.9 per cent Thursday, and Facebook and Microsoft each climbed 1.7 per cent. Apple rose 1.2 per cent.

Netflix jumped 5.4 per cent after raising its prices, and Constellation Brands rose 4 per cent after the beer and wine maker raised its full-year profit forecast.

UPS fell 0.7 per cent after Bloomberg News reported that Amazon is testing its own delivery service. Amazon rose 1.6 per cent.

The Standard & Poor's 500 index climbed 14 points, or 0.6 per cent, to 2,552.

The Dow Jones industrial average gained 113 points, or 0.5 per cent, to 22,775, and the Nasdaq composite added 50 points, or 0.8 per cent, to 6,585.

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11:45 a.m.

U.S. stocks are climbing again, putting the Standard & Poor's 500 index on track for its longest winning streak in four years.

Netflix rose 3.4 per cent in midday trading Thursday after raising its prices, and Constellation Brands jumped 4 per cent after the beer and wine maker raised its full-year profit forecast.

UPS fell 1.5 per cent after Bloomberg News reported that Amazon is testing its own delivery service. Amazon rose 1 per cent.

The Standard & Poor's 500 index climbed 10 points, or 0.4 per cent, to 2,547.

The Dow Jones industrial average gained 80 points, or 0.4 per cent, to 22,741, and the Nasdaq composite added 27 points, or 0.4 per cent, to 6,561.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.35 per cent.

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9:35 a.m.

Stocks are inching higher in early trading on Wall Street a day after the market closed at its latest record high.

Constellation Brands jumped 4.4 per cent shortly after the opening bell Thursday after the beer and wine maker reported earnings that beat analysts' estimates. It also raised its full-year profit forecast.

UPS fell 1.5 per cent and FedEx fell almost 1 per cent after Bloomberg News reported that Amazon is testing its own delivery service. Amazon rose 1 per cent.

The Standard & Poor's 500 index rose 4 points, or 0.2 per cent, to 2,542.

The Dow Jones industrial average gained 13 points, or 0.1 per cent, to 22,674, and the Nasdaq composite climbed 26 points, or 0.4 per cent, to 6,561.

Bond prices fell. The yield on the 10-year Treasury note fell to 2.34 per cent.

News from © The Associated Press, 2017
The Associated Press

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