Markets Right Now: Stocks end mostly higher on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks finished mostly higher after another day of mixed trading.
Chipmakers led a rally among technology stocks Thursday. Xilinx jumped 18.4 percent after reporting results that beat forecasts.
PG&E surged 24.9 percent after investigators ruled that the utility was not at fault for a Northern California wildfire that killed 22 people in 2017.
Spice maker McCormick plunged 10.5 percent after reporting a weak quarter.
The S&P 500 index rose 3 points, or 0.1 percent, to 2,642.
The Dow Jones Industrial Average slipped 22 points, or 0.1 percent, to 24,553. The Nasdaq added 47 points, or 0.7 percent, to 7,073.
Bond prices rose. The yield on the 10-year Treasury fell to 2.71 percent.
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11:45 a.m.
Stocks are mostly higher in midday trading on Wall Street as investors react to the latest earnings reports from corporate America.
Technology companies are climbing Thursday and American Airlines is rallying after it beat analysts’ expectations.
Spice maker McCormick plunged 13 percent after reporting a weak quarter.
Cloud computing company Citrix Systems sank 7.2 percent after issuing a disappointing forecast.
The S&P 500 index rose 4 points, or 0.2 percent, to 2,643.
The Dow Jones Industrial Average was little changed at 24,592. The Nasdaq added 42 points, or 0.6 percent, to 7,067.
Bond prices rose. The yield on the 10-year Treasury fell to 2.71 percent.
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9:35 a.m.
Stocks are off to a mixed start on Wall Street as gains for American Airlines and other carriers are offset by losses elsewhere.
American jumped 5.7 percent in early trading Thursday after reporting solid earnings in its latest quarter.
Student loan company Sallie Mae rose 8.8 percent after reporting good results of its own.
Elsewhere, cloud computing company Citrix Systems sank 4.5 percent after issuing a weak forecast.
The S&P 500 index slipped 4 points, or 0.2 percent, to 2,634.
The Dow Jones Industrial Average fell 83 points, or 0.3 percent, to 24,492. The Nasdaq composite edged up 21 points, or 0.3 percent, to 7,048.
