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 Information in the story may be outdated or superseded by additional information.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 p.m.
Stocks are closing broadly higher on Wall Street as investors welcomed China's move to exempt some U.S. products from a recent round of tariffs.
Technology, health care and communication services stocks powered much of the gains Wednesday for the S&P 500, which has been essentially flat for much of the week.
Investors also continued to favor smaller-company stocks.
Apple climbed 3.2% a day after announcing a new lineup of iPhones and a low-priced video streaming service to compete with Netflix.
The S&P 500 rose 21 points, or 0.7%, to 3,000.
The Dow Jones Industrial Average rose 227 points, or 0.8%, to 27,136. The Nasdaq climbed 85 points, or 1.1%, to 8,169.
Bond prices fell. The yield on the 10-year Treasury rose to 1.74%.
___
11:45 a.m.
Stocks marched broadly higher as investors snapped up technology companies following China's decision to exempt some U.S. products from a recent round of tariffs.
The tech sector, which has much to gain or lose in the trade war, moved broadly higher Wednesday.
Apple rose 2.6% a day after announcing a new lineup of iPhones and a low-priced video streaming service to compete with Netflix.
GameStop plunged 20% after reporting a loss that was much wider than analysts were expecting.
The S&P 500 rose 11 points, or 0.4%, to 2,991.
The Dow Jones Industrial Average rose 94 points, or 0.3%, to 27,002. The Nasdaq climbed 61 points, or 0.8%, to 8,145.
Bond prices fell. The yield on the 10-year Treasury rose to 1.74%.
___
9:45 a.m.
Stocks are off to a mixed start on Wall Street as gains for technology and health care companies are offset by losses in other sectors.
Apple was up 1.3% early Wednesday, a day after announcing its new lineup of iPhones and a new video streaming service to compete with Netflix.
GameStop plunged 20% after reporting a loss that was much wider than analysts were expecting, and Dave & Buster's Entertainment sank 9.1% after cutting its forecasts.
The S&P 500 was little changed at 2,980.
The Dow Jones Industrial Average edged up 29 points, or 0.1%, to 26,945. The Nasdaq was up 15 points, or 0.2%, to 8,096.
Bond prices fell. The yield on the 10-year Treasury rose to 1.74%.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
