Markets Right Now: Stocks end mostly higher on Wall Street



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

4 p.m.

Stocks are closing mostly higher on Wall Street after much of a midday rally faded away by the closing bell.

Industrial stocks contributed the most to the market's gains Thursday. United Technologies rose 3.3 percent a day after its CEO said the company may split up.

Energy companies also rose. Chesapeake Energy jumped 21.7 percent, the most in the Standard & Poor's 500 index, after reporting strong earnings.

Investors were relieved to see bond yields pull back from the four-year highs they reached a day earlier. The yield on the 10-year Treasury fell to 2.92 percent.

The S&P 500 rose 2 points, or 0.1 percent, to 2,703.

The Dow Jones industrial average climbed 164 points, or 0.7 percent, to 24,962. The Nasdaq slipped 8 points, or 0.1 percent, to 7,210.

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11:45 a.m.

Technology and industrials companies helped drive U.S. stocks broadly higher in midday trading on Wall Street.

Investors were relieved Thursday to see bond yields pull back from the four-year highs they reached a day earlier, which helped knock stock prices lower.

The market is coming off a two-day losing streak.

Chesapeake Energy jumped 25 percent, the most in the Standard & Poor's 500 index, after reporting earnings that were higher than analysts were expecting.

The yield on the 10-year Treasury fell to 2.91 percent from 2.95 percent a day earlier.

The S&P 500 rose 27 points, or 1 percent, to 2,729.

The Dow Jones industrial average climbed 335 points, or 1.4 percent, to 25,134. The Nasdaq rose 61 points, or 0.9 percent, to 7,280.

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9:35 a.m.

Stocks are opening higher on Wall Street following a late sell-off in the market a day earlier.

Technology companies and banks rose the most early Thursday. HP rose 1.6 percent and Bank of New York Mellon climbed 1.3 percent.

Chesapeake Energy jumped 10.6 percent, the most in the Standard & Poor's 500 index, after reporting earnings that were higher than analysts were expecting.

Bond prices rose, sending yields lower. That came as a relief following a late spike in bond yields a day earlier.

The yield on the 10-year Treasury fell to 2.92 percent.

The S&P 500 rose 17 points, or 0.7 percent, to 2,719.

The Dow Jones industrial average climbed 185 points, or 0.8 percent, to 24,985. The Nasdaq rose 44 points, or 0.6 percent, to 7,263.

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The Associated Press

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