Markets Right Now: Stocks post 3rd straight day of gains

FILE - In this May 14, 2019, file photo specialists Michael Pistillo, left, and David Haubner confer on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, June 6. (AP Photo/Richard Drew, File)

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

4:00 p.m.

Stocks are rising for a third straight day as investors hope U.S. and Mexican officials can reach a deal that avoids tariffs on goods from Mexico.

One report said the U.S. could delay the tariffs, set for June 10, but there was no official word from Washington.

Energy and technology stocks posted solid gains. Chevron shares went up 2.6% as the price of oil rose. Advanced Micro Devices gained 7.9%.

A number of food and beverage companies, including McDonald's and Coca-Cola, hit 52-week highs Thursday.

The S&P 500 gained 17 points, or 0.6%, to 2,843. The benchmark index is up 3.3% so far this week.

The Dow Jones industrials rose 181 points, or 0.7%, to 25,720. The Nasdaq added 40 points, or 0.5%, to 7,615.

___

11:50 a.m

Stocks are mostly higher at midday Thursday as investors wait for developments in U.S. trade talks with Mexico.

Energy companies and makers of household products led the gainers while manufacturers were the steepest decliners.

Occidental Petroleum rose 2.7% while Exxon gained 1.6%. Cigarette companies Altria and Philip Morris were higher.

Kansas City Southern slipped 1.7%. The railroad company gets nearly half its revenue from Mexico.

The S&P 500 index rose 3 points, or 0.1%, to 2,829. The index recorded strong gains the previous two sessions.

The Dow Jones industrials rose 47 points, or 0.2%, to 25,586. The Nasdaq lost 7 points, or 0.1%, to 7,568.

Bond prices rose. The yield on the 10 year Treasury fell to 2.09% from 2.12% Wednesday.

___

9:35 a.m.

Stocks are slightly higher Thursday as the market watches for the latest developments in U.S. trade disputes with China and Mexico.

Technology and energy companies posted early gains while banks declined.

Tesla gained 4% on reports that the electric car maker is on pace to report a solid number of deliveries for the second quarter.

Michaels Cos. fell 10% after reporting sales at established stores that missed expectations.

Stitch Fix soared 23% after reporting a surprise quarterly profit.

The S&P 500 index rose 6 points, or 0.2%, to 2,832. The index recorded strong gains the previous two sessions.

The Dow Jones industrials rose 48 points, or 0.2%, to 25,588. The Nasdaq gained 15 points, or 0.2%, to 7,590.

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

Asian markets waver on mixed signals from China, Japan data

Sep 1, 2016

Asian markets were mixed Thursday as China and Japan, the region's two biggest economies, reported contrasting data

Subscribe to our newsletter!

Your Name

Your Email Address