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Markets Right Now: S&P 500 breaks a 4-day losing streak

By: The Associated Press, Associated Press
December 7, 2017 Updated: December 7, 2017 at 3:08 pm
0

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

4 p.m.

Stocks are closing higher on Wall Street, breaking a four-day losing streak for the Standard & Poor's 500 index.

Technology and industrial stocks rose more than the rest of the market Thursday. Facebook rose 2.3 percent, while Boeing climbed 1.3 percent.

Energy stocks also rose as the price of crude oil bounced back following a steep drop a day earlier. Pioneer Natural Resources rose 2.4 percent.

The S&P 500 rose 7 points, or 0.3 percent, to 2,637.

The Dow Jones industrial average climbed 70 points, or 0.3 percent, to 24,211. The Nasdaq composite added 36 points, or 0.5 percent, to 6,812.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 percent.

___

11:45 a.m.

Stocks are moving higher in midday trading on Wall Street, putting the Standard & Poor's 500 index on track for its first gain in five days.

Technology, industrial stocks and banks rose more than the rest of the market Thursday.

Facebook rose 1.6 percent, Boeing gained 1.9 percent and Wells Fargo climbed 1.9 percent.

The Standard & Poor's 500 index rose 9 points, or 0.4 percent, to 2,638.

The Dow Jones industrial average climbed 82 points, or 0.4 percent, to 24,226. The Nasdaq composite added 49 points, or 0.7 percent, to 6,828.

The S&P 500 has fallen for the last four days.

Bond prices rose. The yield on the 10-year Treasury note slipped to 2.33 percent.

___

9:35 a.m.

Stocks are off to a mixed start on Wall Street as gains for technology companies are offset by losses for banks.

Chipmaker Broadcom rose 3.1 percent in early trading Thursday after reporting a strong quarter. Other tech stocks also rose. Google parent Alphabet rose 1 percent.

Merck rose 1.2 percent after the New England Journal of Medicine published positive results from a trial of one of its drugs.

The Standard & Poor's 500 index was up a point at 2,630.

The Dow Jones industrial average was little changed at 24,140. The Nasdaq composite added 21 points, or 0.3 percent, to 6,797.

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