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)

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%.

Must Read

Trump's shrinking trade appeal evident in North...

Aug 22, 2016

North Carolina may be the state most pivotal to Donald Trump's White House bid, and the audience...

The hidden risk to the economy in corporate...

Aug 24, 2016

America has a debt problem, and the big borrower this time may surprise you: Corporate America

USDA to reopen offices closed after email threats

Aug 31, 2016

The Agriculture Department will reopen some offices that were closed Tuesday after an unspecified...

AP FACT CHECK: Trump on immigration

Sep 1, 2016

AP FACT CHECK: Trump's day of clarification on immigration policy did not always hew to the actual...

Poll: More voters trust Clinton on health care

Sep 1, 2016

A new poll finds that more voters trust Democratic presidential candidate Hillary Clinton to do a...

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