Markets Right Now: Better economic news sends stocks higher

FILE- In this March 18, 2019, file photo specialist Meric Greenbaum, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 1. (AP Photo/Richard Drew, File)

A more hopeful outlook on the global economy helped send U.S. stocks solidly higher on Wall Street.

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

4 p.m.

A brighter outlook on the global economy helped send U.S. stocks solidly higher on Wall Street.

In another hopeful sign, long-term bond yields rose above their recent lows Monday, following a sharp drop last month that had spooked investors.

Banks led the way higher. JPMorgan Chase and Bank of America each jumped 3.4%.

Technology companies also rose. Intel climbed 1.5%.

Lyft sank 12%, giving up the gains it posted on its first day of trading Friday.

The S&P 500 index rose 32 points, or 1.2%, to 2,867.

The Dow Jones Industrial Average rose 329 points, or 1.3%, to 26,258. The Nasdaq rose 99 points, or 1.3%, to 7,828.

Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.50%.

___

11:45 a.m.

Stocks moved broadly higher on Wall Street in midday trading, continuing the market's upward momentum as it comes off its best quarter in nearly a decade.

Technology companies and banks led the gains Monday. Intel rose 1.2% in early trading Monday and JPMorgan Chase added 1.1%.

ComScore plunged 19% after the media analytics firms lost two top executives.

Lyft sank 10%, giving up the gains it posted on its first day of trading Friday.

The S&P 500 index rose 23 points, or 0.8%, to 2,857.

The Dow Jones Industrial Average rose 245 points, or 1%, to 26,173. The Nasdaq rose 72 points, or 0.9%, to 7,801.

Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.48%.

___

9:35 a.m.

Stocks are opening broadly higher on Wall Street as technology companies and banks post solid gains.

Intel rose 1.2% in early trading Monday and JPMorgan Chase added 1.1%.

Cal-Maine Foods rose 1.4% after the egg company reported earnings that easily beat analysts' forecasts.

ComScore plunged 19% after the media analytics firms lost two top executives.

Lyft sank 8.7%, giving up the gains it posted on its first day of trading Friday.

The S&P 500 index rose 21 points, or 0.8%, to 2,855.

The Dow Jones Industrial Average rose 192 points, or 0.7%, to 26,119. The Nasdaq rose 74 points, or 1%, to 7,802.

Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.44%.

Related News

Ford to invest $75M in autonomous vehicle sensor company

Aug 16, 2016

Ford and Chinese search engine company Baidu will invest $75 million each in Velodyne, a company that makes laser sensors that help guide self-driving cars

Navajo Nation sues feds over massive 2015 mine waste spill

Aug 16, 2016

One of the nation's largest American Indian tribes is suing the federal government over a massive mine waste spill that tainted rivers in three Western states

Ford says it will have a fully autonomous car by 2021

Aug 17, 2016

Ford Motor Co. intends to have a fully driverless vehicle _ no steering wheel, no pedals _ on the road within five years

Broaden News

About Us

In-Depth Science delivers comprehensive and compelling news and analysis on everything science and technology, seven days a week in a reader-friendly format.

Contact us: sales@indepthscience.com