Markets Right Now: Stocks regain some of lost ground

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

11:45 a.m.

Stocks are moving broadly higher in midday trading on Wall Street as the market gains back about half of the ground it lost in a rout a day earlier.

Technology companies, which took a beating on Monday, led the market higher on Tuesday. Microsoft rose 1.8% and Cisco added 1.9%.

Communications companies were also higher. Disney rose 2.5% after announcing a deal with Comcast that will allow Disney to take full control of Hulu.

The S&P 500 rose 36 points, or 1.3%, to 2,848. The index fell 2.4% the day before.

The Dow Jones Industrial Average rose 331 points, or 1.3%, to 25,655. The Nasdaq rose 112 points, or 1.5%, to 7,759.

Bond prices fell. The yield on the 10 year Treasury edged up to 2.43%

___

9:35 a.m.

Stocks are opening broadly higher on Wall Street as the market claws back some of the ground it lost in a big slide a day earlier.

Technology and health care companies made up many of the winners in early trading on Wall Street Tuesday.

Analog Devices rose 1.7% and Thermo Fisher Scientific rose 1.5%

Communications companies were also higher. Disney rose 1% after announcing a deal with Comcast to take full control of the video streaming service Hulu.

The S&P 500 rose 13 points, or 0.5%, to 2,825. The index fell 2.4% the day before.

The Dow Jones Industrial Average rose 114 points, or 0.4%, to 25,442. The Nasdaq rose 49 points, or 0.6%, to 7,696.

Bond prices fell. The yield on the 10 year Treasury edged up to 2.41%

People also read these

Global stocks wobble as markets await comment from Yellen

Aug 25, 2016

Global stocks fell Thursday in lackluster trading as investors awaited a speech by Federal Reserve chair Janet Yellen on Friday for hints on a possible further interest rate increase

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 right

Global stocks rise amid upbeat manufacturing data

Sep 1, 2016

European stocks rose Thursday, buoyed by positive manufacturing data from Britain and China while investors await U.S. employment data later this week

Subscribe to our newsletter!

Your Name

Your Email Address