Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Markets Right Now: After wobbling, stocks post another gain

By: Associated Press
February 13, 2018 Updated: February 13, 2018 at 3:13 pm
0
photo - FILE - This Oct. 4, 2014, file photo, shows the facade of the New York Stock Exchange. Health care companies are leading stocks broadly lower in early trading Tuesday, Feb. 13, 2018, on Wall Street as the market gives back some of its big gain from the day before. (AP Photo/Richard Drew, File)
FILE - This Oct. 4, 2014, file photo, shows the facade of the New York Stock Exchange. Health care companies are leading stocks broadly lower in early trading Tuesday, Feb. 13, 2018, on Wall Street as the market gives back some of its big gain from the day before. (AP Photo/Richard Drew, File) 

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

4 p.m.

Stocks shook off an early wobble and ended modestly higher, giving the market its third gain in a row following a harrowing plunge over the previous two weeks.

Banks, retailers and technology companies were responsible for much of the gains Tuesday.

Wells Fargo climbed 2.7 percent, Amazon gained 2 percent and Apple increased 1 percent.

Under Armour jumped 17 percent after reporting a strong quarter.

Distributors of prescription drugs and medical suppliers fell. Cardinal Health lost 3.4 percent.

The Standard & Poor's 500 index rose 6 points, or 0.3 percent, to 2,662.

The Dow Jones industrial average rose 39 points, or 0.2 percent, to 24,640. The Nasdaq composite increased 31 points, or 0.5 percent, to 7,013.

Bond prices rose. The yield on the 10-year Treasury fell to 2.82 percent.

___

11:45 a.m.

Stocks are slightly lower in midday trading on Wall Street, led by declines in health care companies.

Distributors of prescription drugs and medical suppliers took some of the biggest losses Tuesday.

The Wall Street Journal reported that Amazon was seeking to expand its medical supplies business and that Walgreens Boots Alliance wants to buy the rest of AmerisourceBergen.

Cardinal Health lost 4 percent.

Retailers are rising following strong fourth-quarter results from Under Armour. Under Amour jumped 15 percent.

The Standard & Poor's 500 index fell 5 points, or 0.2 percent, to 2,650.

The Dow Jones industrial average fell 93 points, or 0.4 percent, to 24,504. The Nasdaq lost 4 points, or 0.1 percent, to 6,977.

The yield on the 10-year Treasury fell to 2.82 percent.

___

9:35 a.m.

Health care companies are leading stocks broadly lower in early trading on Wall Street as the market gives back some of its big gain from the day before.

Drug distributor companies were especially hard hit in the early going Tuesday after The Wall Street Journal reported that Amazon was seeking to expand its medical supplies business and that Walgreens Boots Alliance wants to buy the rest of AmerisourceBergen.

Patterson Companies slumped 10 percent, and Cardinal Health lost 4 percent.

Athletic gear maker Under Armour rose 17 percent after both companies reported strong results.

The Standard & Poor's 500 index fell 9 points, or 0.4 percent, to 2,645.

The Dow Jones industrial average fell 95 points, or 0.4 percent, to 24,493. The Nasdaq lost 18 points, or 0.2 percent, to 6,964.

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Wake up with today's top stories in your inbox

Wake up with today's top stories in your inbox

or
Already a print subscriber?
Already a digital subscriber?
 
This is your last FREE article for the month
This is your last FREE article for the month

Subscribe now and enjoy Unlimited Digital Access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
You have reached your article limit for the month
You have reached your article limit for the month

We hope that you've enjoyed your complimentary access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.