Markets Right Now: Energy stocks lead US indexes higher

FILE - This Friday, Jan. 15, 2016, file photo shows a sign for a Wall Street subway station in New York. Stocks are opening broadly higher on Wall Street, Wednesday, May 9, 2018, led by gains in energy companies as the price of crude oil moved back above $70 a barrel. (AP Photo/Mark Lennihan, File)

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

11:45 a.m.

Stocks are higher in midday trading on Wall Street, led by gains in energy companies.

The price of crude oil climbed back above $70 a barrel Wednesday a day after the U.S. moved to withdraw from a nuclear accord with Iran.

Technology stocks and banks also rose.

Exxon Mobil rose 1.7 percent. Google's parent company, Alphabet, rose 1.7 percent and Bank of America also rose 1.7 percent.

TripAdvisor soared 20 percent after reporting higher earnings than analysts expected.

The S&P 500 index rose 6 points, or 0.2 percent, to 2,678.

The Dow Jones industrial average rose 2 points, or 0.01 percent, to 24,363. The Nasdaq composite increased 11 points, or 0.1 percent, to 7,278.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.99 percent.

___

9:35 a.m.

Stocks are opening broadly higher on Wall Street, led by gains in energy companies as the price of crude oil moved back above $70 a barrel.

Chevron climbed 2.1 percent in early trading Wednesday, and Exxon Mobil added 1.7 percent.

TripAdvisor soared 20 percent after reporting earnings that were much higher than analysts expected. Video game maker Electronic Arts rose 2.7 percent after its own results also beat forecasts.

The S&P 500 index rose 10 points, or 0.4 percent, to 2,681.

The Dow Jones industrial average rose 68 points, or 0.3 percent, to 24,428. The Nasdaq composite increased 16 points, or 0.2 percent, to 7,282.

Bond prices fell. The yield on the 10-year Treasury note rose to 3 percent.

People also read these

Stock markets cautious ahead of key Fed speech

Aug 26, 2016

European shares are mostly lower following mixed trading in Asia, with investors preferring to sit on the sidelines ahead of U.S. Federal Reserve Chairwoman Janet Yellen's speech later in the day for cues on the timing of the next policy rate hike

Asian stocks mixed ahead of US jobs data

Aug 31, 2016

Asian stocks are mixed Wednesday in listless trading ahead of jobs data later this week and continued anticipation of higher interest rates in the U.S. Japan's benchmark Nikkei 225 gained 0.8 percent to 16,857.07 in morning trading

Global stocks mixed in listless trade ahead of US jobs data

Aug 31, 2016

Global stocks are mixed Wednesday in listless trading ahead of jobs data later this week and continued anticipation of higher interest rates in the U.S. Indexes were higher in France and lower in Britain and Germany

Subscribe to our newsletter!

Your Name

Your Email Address