Markets Right Now: Banks, tech lead stocks slightly higher


Save Story
Leer en español

Estimated read time: 2-3 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

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

4:00 p.m.

Banks and technology companies posted modest gains on Wall Street, leaving indexes slightly higher at the closing bell.

The tiny gains Thursday were enough to mark another all-time closing high for the Dow Jones industrial average. Goldman Sachs and Apple contributed the most to the Dow's gain.

Consumer-focused stocks also rose. Target jumped 4.8 percent after raising its second-quarter forecasts, citing higher sales and customer traffic.

Delta Air Lines fell 1.8 percent after reporting a smaller profit than analysts expected.

The Standard & Poor's 500 index rose 4 points, or 0.2 percent, to 2,447.

The Dow climbed 20 points, or 0.1 percent, to 21,553.

The Nasdaq composite rose 13 points, or 0.2 percent, to 6,274.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.34 percent.

___

11:45 a.m.

Modest gains by technology companies and banks are leading U.S. stock indexes slightly higher in midday trading on Wall Street.

Consumer-focused stocks were also higher early Thursday. Target jumped 4.1 percent after raising its second-quarter forecasts. Target said its sales and customer traffic grew.

Delta Air Lines fell 2.2 percent after reporting a smaller profit and less revenue than analysts expected.

The Standard & Poor's 500 index rose 3 points, or 0.2 percent, to 2,446.

The Dow Jones industrial average climbed 24 points, or 0.1 percent, to 21,556.

The Nasdaq composite rose 3 points, or 0.1 percent, to 6,266.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 percent.

___

9:35 a.m.

Stocks are opening slightly higher on Wall Street as technology companies and banks post gains.

Consumer-focused stocks were also higher early Thursday. Target jumped 3.5 percent after raising its second-quarter forecasts. Target said its sales and customer traffic grew.

Delta Air Lines fell 2.5 percent after reporting a smaller profit and less revenue than analysts expected.

The Standard & Poor's 500 index rose 3 points, or 0.2 percent, to 2,446.

The Dow Jones industrial average climbed 22 points, or 0.1 percent, to 21,552.

The Nasdaq composite rose 6 points, or 0.1 percent, to 6,267.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast