Markets Right Now: S&P 500 notches 3rd straight weekly gain

The logos for The Walt Disney Company and Chevron appear above a trading post on the floor of the New York Stock Exchange, Friday, April 12, 2019. Energy companies rallied after Chevron said it would pay $33 billion to buy rival Anadarko Petroleum and Disney surged 12% to an all-time high after it announced plans to offer its own video streaming service. (AP Photo/Richard Drew)

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

4 p.m.

Stocks are closing broadly higher on Wall Street, giving the S&P 500 index its third weekly gain in a row and putting it within reach of the record high it hit last September.

Banks led the gains Friday after JPMorgan Chase reported a strong quarter, helped by higher interest rates. The country's largest bank by assets rose 4.7%. Other banks also rose.

Disney soared 11.5% after unveiling a new video streaming service to go up against Netflix, the industry leader. Netflix fell 4.5%.

The S&P 500 rose 19 points, or 0.7%, to 2,907.

The Dow Jones Industrial Average rose 269 points, or 1%, to 26,412. The Nasdaq rose 36 points, or 0.5%, to 7,984.

Bond prices fell. The yield on the benchmark 10-year Treasury rose to 2.56%.

___

11:45 a.m.

Stocks are rising broadly in midday trading on Wall Street, putting the S&P 500 index on track to post its third straight weekly gain.

Banks are leading the way higher Friday. JPMorgan Chase jumped 4.5% after reporting a solid increase in earnings. Other banks also rose.

Disney soared 10.3% after unveiling a new video streaming service to go up against Netflix. Netflix was off 3.9%.

Chevron sank 4.6% after announcing a deal to buy Anadarko Petroleum for $33 billion. Anadarko skyrocketed 33.7% higher.

The S&P 500 rose 13 points, or 0.5%, to 2,901.

The Dow Jones Industrial Average rose 209 points, or 0.8%, to 26,350. The Nasdaq rose 18 points, or 0.2%, to 7,966.

Bond prices fell. The yield on the benchmark 10-year Treasury rose to 2.55%.

___

9:35 a.m.

Stocks are broadly higher on Wall Street in early trading as banks and media companies move higher.

JPMorgan Chase jumped 3.5% early Friday after reporting a solid increase in earnings, and Disney soared 10.5% after unveiling a new video streaming service to go up against Netflix. Netflix was off 3.1%.

Chevron sank 4.6% after announcing a deal to buy Anadarko Petroleum for $33 billion. Anadarko skyrocketed 32.5% higher.

The S&P 500 index rose 18 points, or 0.6%, to 2,906.

The Dow Jones Industrial Average rose 256 points, or 1%, to 26,410. The Nasdaq rose 38 points, or 0.5%, to 7,985.

Bond prices fell sharply, sending yields higher. The yield on the benchmark 10-year Treasury rose to 2.55% from 2.50% late Thursday.

Must Read

Farm safety top priority with farm tourism on the...

Aug 24, 2016

Connecticut officials are joining other states in educating local farmers about how to mitigate...

WHY IT MATTERS: Trade

Aug 25, 2016

In this angry election year, many Americans are deeply skeptical about free trade, it not downright...

Europe hits Apple with a $15 billion-plus tax bill

Aug 30, 2016

The European Union has ordered Apple to pay nearly $15 billion in back taxes to Ireland, plus...

SEC: Former Monsanto exec to get $22.5M as...

Aug 30, 2016

A former Monsanto executive who tipped off regulators about the agribusiness' accounting practices...

WHY IT MATTERS: The Role of Government

Aug 31, 2016

It's the Goldilocks conundrum of American politics: Is the government too big, too small or just...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com