News

Markets Right Now: Stocks move solidly higher on Wall Street

NEW YORK, N.Y. – The Latest on developments in global financial markets (all times local):

11:45 a.m.

Stocks are moving solidly higher on Wall Street, led by gains in technology stocks and banks.

Microsoft climbed 3 per cent in midday trading Tuesday and Google parent Alphabet added 2 per cent.

Among banks, JMorgan Chase gained almost 2 per cent. A move higher in long-term interest rates had investors hoping that banks could make more money from loans.

In earnings news, homebuilder Toll Brothers jumped 8 per cent after its results came in ahead of what analysts were expecting.

The Dow Jones industrial average rose 200 points, or 1.2 per cent, to 17,694. The Standard & Poor’s 500 index rose 25 points, or 1.3 per cent, to 2,073. The Nasdaq composite climbed 80 points, or 1.7 per cent, to 4,846.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.87 per cent.

___

9:35 a.m.

Stocks are opening solidly higher on Wall Street, led by gains in technology stocks and banks.

Apple and Microsoft each rose about 1 per cent in early trading Tuesday. Among banks, JMorgan Chase gained 1 per cent.

In earnings news, homebuilder Toll Brothers jumped 4 per cent after its results came in ahead of what analysts were expecting.

The Dow Jones industrial average rose 151 points, or 0.9 per cent, to 17,644. The Standard & Poor’s 500 index rose 15 points, or 0.8 per cent, to 2,063. The Nasdaq composite climbed 39 points, or 0.8 per cent, to 4,805.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.86 per cent.