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Markets Right Now: Stocks end a choppy day higher

By: Associated Press
March 8, 2018 Updated: March 8, 2018 at 3:10 pm
0

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

4 p.m.

Stocks are ending a choppy day higher after the White House announced tariffs on steel and aluminum that carved out exceptions for key U.S. allies including Canada and Mexico.

Technology and health care stocks posted some of the biggest gains Thursday.

Pharmacy benefits manager Express Scripts jumped 8.6 percent after agreeing to be bought by health insurer Cigna.

Grocery chain Kroger tumbled 12 percent after its annual profit forecast fell short of Wall Street's estimates.

Traders are turning their focus to the monthly jobs report due out early Friday.

The Standard & Poor's 500 index rose 12 points, or 0.4 percent, to 2,738.

The Dow Jones industrial average gained 93 points, or 0.4 percent, to 24,895. The Nasdaq rose 31 points, or 0.4 percent, to 7,427.

___

11:45 a.m.

Stocks gave up an early gain and were mixed in midday trading on Wall Street.

Pharmacy benefits manager Express Scripts jumped 10 percent Thursday after it agreed to be bought by health insurer Cigna for $52 billion. Cigna slid 10 percent.

Grocery chain Kroger tumbled 12 percent after its annual profit forecast fell short of Wall Street's estimates. Newspaper publisher Tronc plunged 23 percent.

President Donald Trump is expected to announce tariffs on steel and aluminum imports later in the day.

The Standard & Poor's 500 index was up 2 points, or 0.1 percent, to 2,729.

The Dow Jones industrial average slipped 5 points to 24,797. The Nasdaq composite rose 22 points, or 0.3 percent, to 7,419.

___

9:35 a.m.

U.S. stocks are opening mostly higher, with retailers and technology companies making some of the biggest gains.

Pharmacy benefits manager Express Scripts jumped 16 percent Thursday after it agreed to be bought by health insurer Cigna for $52 billion. Cigna slid 6 percent.

Grocery chain Kroger tumbled 8 percent after its annual profit forecast fell short of Wall Street's estimates.

Traders will be watching to see if President Donald Trump announces tariffs on steel and aluminum imports later in the day.

The Standard & Poor's 500 index rose 10 points, or 0.4 percent, to 2,736.

The Dow Jones industrial average climbed 130 points, or 0.5 percent, to 24,931. The Nasdaq composite rose 33 points, or 0.5 percent, to 7,430.

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