News

Markets Right Now: US stocks end mostly higher

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

4:00 p.m.

Stocks are closing mostly higher as investors work through an uneven batch of corporate earnings.

Facebook added 1 per cent Thursday after the social media company reported earnings that easily surpassed analysts’ estimates.

Ford sank 8 per cent after reporting weak results and warning investors that things could get worse in the second half of the year.

Oil and gas companies were broadly lower as energy prices continued to fall.

The Dow Jones industrial average fell 15 points, or 0.1 per cent, to 18,456.

The Standard & Poor’s 500 index edged up 3 points, or 0.2 per cent, to 2,170. The Nasdaq composite gained 15 points, or 0.3 per cent, to 5,154.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.51 per cent.

___

12:00 p.m.

Stocks are trading lower as investors work through another batch of technology earnings, including results from Facebook.

Energy prices edged slightly lower and bond yields inched upwards.

The Labor Department said applications for unemployment benefits rose slightly last week. Oracle agreed to buy cloud computing business NetSuite for about $8.8 billion.

Facebook shares rose as its profit more than doubled.

Telecom shares fell the most. Verizon and AT&T each slipped about 1 per cent. Oil continued its recent multi-day slide.

The Dow Jones industrial average fell 72 points, or 0.4 per cent, to 18,400.

The Standard & Poor’s 500 index slid 3 points, or 0.1 per cent, to 2,164. The Nasdaq composite was unchanged at 5,141.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.51 per cent.

___

9:45 a.m.

Stocks are opening down as energy prices edged slightly lower and bond yields inched upwards.

The Labor Department said applications for unemployment benefits rose slightly last week. Oracle agreed to buy cloud computing business NetSuite for about $8.8 billion.

Materials companies and banks fell the most. Oil continued its recent multi-day slide.

The Dow Jones industrial average fell 65 points, or 0.4 per cent, to 18,407.

The Standard & Poor’s 500 index slid 6 points, or 0.3 per cent, to 2,160. The Nasdaq composite dropped 9 points, or 0.2 per cent, to 5,131.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.53 per cent.