Markets Right Now: Indexes gain, but Oracle, Facebook sink


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

4 p.m.

U.S. stock indexes closed broadly higher, led by gains in retailers, energy and industrial companies.

Amazon jumped 2.7 percent Tuesday, leading the way higher for retailers.

Energy companies rose along with the price of oil, and banks were also higher as bond yields rose.

Oracle plunged 9.4 percent after reporting disappointing results, and Facebook sank 2.6 percent following reports that the Federal Trade Commission will look into its handling of user data.

The S&P 500 index rose 4 points, or 0.1 percent, to 2,716.

The Dow Jones industrial average rose 116 points, or 0.5 percent, to 24,727. The Nasdaq composite increased 20 points, or 0.3 percent, to 7,364.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.89 percent.

___

11:45 a.m.

Major U.S. stock indexes are mixed in midday trading as another slump in technology companies offsets gains elsewhere in the market.

Oracle plunged 10 percent Tuesday after reporting disappointing results, and Facebook sank 6 percent following reports that the Federal Trade Commission will look into its handling of user data.

Banks rose along with bond yields, which allow banks to charge higher interest rates on loans, and energy companies climbed along with the price of crude oil.

The S&P 500 index slipped 2 points, or 0.1 percent, to 2,711.

The Dow Jones industrial average rose 89 points, or 0.4 percent, to 24,701. The Nasdaq composite fell 7 points, or 0.1 percent, to 7,339.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.88 percent.

___

9:35 a.m.

Banks and energy stocks are leading early gains for U.S. indexes.

Banks are gaining as bond yields rise Tuesday, and energy companies are rising along with the price of crude oil.

Oracle sank 9 percent after reporting disappointing results.

Facebook lost 2.5 percent following a report that the company could face more regulatory scrutiny. Bloomberg News reported that the Federal Trade Commission will look into its handling of user data.

The S&P 500 index rose 8 points, or 0.3 percent, to 2,720.

The Dow Jones industrial average climbed 115 points, or 0.5 percent, to 24,728. The Nasdaq composite increased 16 points, or 0.2 percent, to 7,361.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.88 percent.

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