Markets Right Now: Markets shrug off trade and end higher

FILE- In this Aug. 21, 2018, file photo specialist Peter Mazza, left, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Sept. 18. (AP Photo/Richard Drew, File)

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

4 p.m.

Investors shrugged off the latest escalation of trade tensions between the U.S. and China and sent stocks broadly higher on Wall Street.

Major U.S. indexes on Tuesday gained back nearly all the ground they lost the day before.

Technology and consumer-focused companies had some of the biggest gains. Chipmaker Micron Technology rose 4.1 percent and Netflix jumped 5 percent.

Ferrari rose 4.2 percent after the sportscar maker announced a new lineup of models.

The S&P 500 index rose 15 points, or 0.5 percent, to 2,904.

The Dow Jones Industrial Average climbed 184 points, or 0.7 percent, to 26,246. The Nasdaq composite rose 60 points, or 0.8 percent, to 7,956.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.05 percent.

___

11:45 a.m.

Technology stocks are leading U.S. indexes broadly higher in midday trading as the market claws back ground it lost a day earlier.

Microsoft climbed 1.2 percent Tuesday, and chipmaker Micron jumped 4.9 percent.

Apple, which got an exemption to new tariffs announced on imports of goods made in China, was up 0.8 percent.

Ferrari rose 3 percent after the sportscar maker announced a new lineup of models.

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

The Dow Jones Industrial Average climbed 136 points, or 0.5 percent, to 26,197. The Nasdaq composite rose 80 points, or 1 percent, to 7,975.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.03 percent.

___

9:35 a.m.

Stocks are opening modestly higher on Wall Street as investors have a muted reaction to the White House's announcement of more tariffs on Chinese goods.

Technology and energy companies rose more than the rest of the market in early trading Tuesday. Chipmaker Qualcomm climbed 1.7 percent and Occidental Petroleum rose 2.2 percent.

Apple, which received an exemption to the new tariffs on goods imported from China, was up 1 percent.

The S&P 500 index rose 10 points, or 0.4 percent, to 2,898.

The Dow Jones Industrial Average climbed 75 points, or 0.3 percent, to 26,137. The Nasdaq composite rose 46 points, or 0.6 percent, to 7,941.

People also read these

Asian stock markets mixed as investors wait for Fed cue

Aug 26, 2016

Asian stock markets were mixed Friday, with investors preferring to sit on the sidelines ahead of U.S. Federal Reserve Chairman Janet Yellen's speech for cues on the timing of the next policy rate hike

Asian stocks mostly rise on hopes for higher US rates

Aug 30, 2016

Asian shares were mostly higher Tuesday as speculation continued about a U.S. Federal Reserve interest rate hike later this year

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