Markets Right Now: Stocks wobble as earnings come in mixed

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

11:45 a.m.

Stocks are wobbling between small gains and losses on Wall Street as investors reviewed a mixed batch of quarterly results from U.S. companies.

Technology stocks made the strongest gains in midday trading Thursday.

Microsoft rose 2.1% after handily beating Wall Street’s quarterly profit forecast, and PayPal soared 7.8%. Tesla also soared after reporting a surprise profit.

Most other sectors edged lower. Communication companies fared the worst as Twitter plunged 18% on weak results.

The S&P 500 rose 6 points, or 0.2%, to 3,01.

The Dow Jones Industrial Average fell 27 points, or 0.1%, to 26,806. The Nasdaq rose 61 points, or 0.8%, to 8,181.

Bond prices rose. The yield on the 10-year Treasury fell to 1.75%.


9:35 a.m.

Stocks are moving broadly higher on Wall Street after several big U.S. companies reported results that pleased investors.

Microsoft, Comcast and Astrazeneca all rose in early trading Thursday after reporting solid third-quarter numbers.

Tesla soared 15.6% after posting a surprise profit of $143 million, raising hopes the electric car pioneer may finally be turning the corner.

Twitter plunged 19% after cutting its outlook, blaming some of its problems on bugs related to its advertising platform.

The S&P 500 rose 8 points, or 0.3%, to 3,012.

The Dow Jones Industrial Average rose 46 points, or 0.2%, to 26,875. The Nasdaq rose 50 points, or 0.6%, to 8,169.

Bond prices rose. The yield on the 10-year Treasury fell to 1.75%.

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