Markets Right Now: Job gains power stocks to more records



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

4 p.m.

Stocks are closing at records again after a solid jobs report reassured investors that the economy was on solid footing despite President Donald Trump's trade war.

Technology and industrial companies rose the most Friday. Apple rose 2.8% and Union Pacific climbed 4.3%.

The S&P 500 closed at a record for the third time this week and had its fourth straight weekly gain. The Nasdaq reached an all-time high for the first time since July.

Safe-play sectors like utilities lagged as investors stepped up their appetite for risk.

The S&P 500 rose 29 points, or 1%, to 3,066.

The Dow Jones Industrial Average climbed 301 points, or 1.1%, to 27,347. The Nasdaq rose 94 points, or 1.1%, to 8,386.

Bond prices fell. The yield on the 10-year Treasury rose to 1.71%.

___

12:15 p.m.

Stocks are solidly higher on Wall Street following a strong jobs report for October, putting the S&P 500 on track for its fourth straight weekly gain.

Banks, technology and industrial companies led the way higher around midday Friday.

Safe-play sectors like utilities lagged as investors stepped up their appetite for risk.

Fitbit soared 15.5% after agreeing to be acquired by Google's parent company, Alphabet.

Fortinet jumped 11% after the network security company reported results that easily beat analysts' forecasts.

The S&P 500 rose 19 points, or 0.6%, to 3,056.

The Dow Jones Industrial Average climbed 230 points, or 0.8%, to 27,276. The Nasdaq rose 50 points, or 0.6%, to 8,343.

Bond prices fell. The yield on the 10-year Treasury rose to 1.72%.

___

9:35 a.m.

Stocks are opening with solid gains on Wall Street following a strong jobs report for October, putting the S&P 500 on track for its fourth straight weekly gain.

Banks, health care and industrial companies led the way higher in the early going on Friday. Safe-play sectors like utilities lagged as investors stepped up their appetite for risk.

Fitbit soared 16% after agreeing to be acquired by Google's parent company, Alphabet.

Fortinet jumped 11% after the network security company reported results that easily beat analysts' forecasts.

The S&P 500 rose 16 points, or 0.5%, to 3,053.

The Dow Jones Industrial Average climbed 152 points, or 0.6%, to 27,202. The Nasdaq rose 41 points, or 0.5%, to 8,335.

Bond prices fell. The yield on the 10-year Treasury rose to 1.70%.

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The Associated Press

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