News

Markets Right Now: Solid earnings power early stock gains

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

9:40 a.m.

Stocks are opening broadly higher on Wall Street as investors applauded solid earnings from a number of U.S. companies.

Investors were also encouraged Thursday by news that Britain had reached a tentative deal to separate from the European Union.

Netflix jumped 7.4% after reporting earnings the night before that blew past analysts’ forecasts.

Industrial companies were doing well. Honeywell added 2.2% and CSX, a railroad operator, climbed 2.7%. Both turned in quarterly results that were better than investors were expecting.

The S&P 500 rose 12 points, or 0.4%, to 3,002.

The Dow Jones Industrial Average rose 72 points, or 0.3%, to 27,079. The Nasdaq added 50 points, or 0.6%, to 8,174.

Bond prices fell. The yield on the 10-year Treasury rose to 1.76%.

The Associated Press