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Markets Right Now: Stocks end solidly higher on Wall Street

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

4:00 p.m.

Stocks closed higher on Wall Street, as energy companies rose with the price of oil, while chemicals and mining company shares also gained.

Hewlett Packard Enterprise jumped nearly 7 per cent and Computer Sciences Corporation surged 42 per cent after HP Enterprise said it will sell its business service unit to CSC for $8.5 billion.

Chesapeake Energy gained over 7 per cent as oil prices continued to climb.

Monsanto also rose after Bayer said it’s committed to completing its acquisition of the company.

The Dow Jones industrial average rose 145 points, or 0.8 per cent, to 17,852. The Standard and Poor’s 500 index rose 14 points , or 0.7 per cent, to 2,090. The Nasdaq composite climbed 34 points, or 0.7 per cent, to 4,895.

Bond prices fell. The yield on the 10-year U.S. Treasury note rose to 1.87 per cent from 1.86 per cent.

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11:50 a.m.

Stocks are moving higher on Wall Street, led by gains in mining and chemicals companies and banks.

Hewlett Packard Enterprise rose nearly 10 per cent and Computer Sciences Corporation surged 34 per cent after HP Enterprise said it will sell its business service unit to CSC for $8.5 billion.

Chesapeake Energy rose over 5 per cent as oil prices continued to climb.

Monsanto also rose after Bayer said it’s committed to completing its acquisition of the company.

The Dow Jones industrial average rose 152 points, or 0.9 per cent, to 17,857. The Standard and Poor’s 500 index rose 13 points , or 0.6 per cent, to 2,089. The Nasdaq composite climbed 26 points, or 0.5 per cent, to 4,886.

Bond prices rose. The yield on the 10-year U.S. Treasury note dipped to 1.85 per cent from 1.86 per cent.

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9:50 a.m.

Stocks are opening higher on Wall Street, led by gains in energy and financial shares.

Hewlett Packard Enterprise rose over 11 per cent and Computer Sciences Corporation surged nearly 34 per cent after HP Enterprise said it will sell its business service unit to CSC for $8.5 billion.

Chesapeake Energy rose nearly 11 per cent as oil prices continued to climb.

Monsanto also rose after Bayer said it’s committed to completing its acquisition of the company.

The Dow Jones industrial average rose 110 points , or 0.6 per cent, to 17,817. The Standard and Poor’s 500 index rose 12 points , or 0.6 per cent, to 2,088. The Nasdaq composite climbed 22 points, or 0.5 per cent, to 4,883.