Markets Right Now: Health care leads gains on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are rising on Wall Street as gains for banks and health care companies offset losses in the technology sector.
Wells Fargo climbed 1.7% in midday trading Wednesday and UnitedHealth Group added 2.4%.
Investors continued to shift money into U.S. government bonds, driving long-term bond yields further below short-term ones. The so-called inversion of the U.S. yield curve is a rare phenomenon that has correctly predicted previous recessions.
Autodesk plunged 9% after the software company slashed its full-year forecasts.
The S&P 500 rose 15 points, or 0.5%, to 2,884.
The Dow Jones Industrial Average climbed 189, or 0.7%, to 25,966. The Nasdaq added 28, or 0.4%, to 7,855.
Bond prices continued to rise as investors sought safety. The yield on the 10-year Treasury fell to 1.46%.
Stocks are opening broadly lower on Wall Street, extending the markets losses, as technology and industrial companies move lower.
Autodesk plunged 13.6% in early trading Wednesday after the software company slashed its full-year forecasts.
European markets fell and the British pound weakened against other currencies after British Prime Minister Boris Johnson moved to suspend Parliament, which would hamper lawmakers’ efforts to stop a no-deal departure from the European Union.
The S&P 500 fell 11 points, or 0.4%, to 2,857.
The Dow Jones Industrial Average lost 102, or 0.4%, to 25,670. The Nasdaq fell 55, or 0.7%, to 7,770.
Bond prices continued to rise as investors sought safety. The yield on the 10-year Treasury fell to 1.45%.