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NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks are ending higher on Wall Street following hopes that China and the U.S. are getting closer to a trade deal.
The Dow Jones industrials and the S&P 500 ended at record highs again Thursday, but they would have been even higher if not for a late-afternoon report saying a proposed rollback of tariffs was facing stiff opposition in the White House.
Technology companies led the way higher. Qualcomm soared 6.3% after turning in strong quarterly results.
Gold prices fell as traders embraced riskier assets.
The S&P 500 rose 8 points, or 0.3%, to 3,085.
The Dow Jones Industrial Average climbed 182 points, or 0.7%, to 27,674. The Nasdaq added 23 points, or 0.3%, to 8,434.
Bond prices fell sharply. The yield on the 10-year Treasury rose to 1.92%.
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11:45 a.m.
Stocks are moving broadly higher on Wall Street as traders applauded signs of progress in scaling back the trade tensions between China and the U.S.
Technology stocks and banks led the way higher in midday trading Thursday.
Chipmaker Qualcomm soared 8% after reporting earnings that easily beat analysts' forecasts. JPMorgan Chase climbed 1.2%.
The gains came after China said it had agreed with the U.S. to gradually ease tariffs on each other's exports as long as talks continue to make progress.
The S&P 500 index rose 15 points, or 0.5%, to 3,091.
The Dow Jones Industrial Average climbed 224 points, or 0.8%, to 27,716. The Nasdaq added 55 points, or 0.7%, to 8,465.
Bond prices fell sharply. The yield on the 10-year Treasury rose to 1.93%.
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9:35 a.m.
Stocks are opening broadly higher on Wall Street as traders applauded signs of progress in scaling back the trade tensions between China and the U.S.
Technology stocks and banks led the way higher in early trading Thursday.
Chipmaker Qualcomm soared 7% after reporting earnings that easily beat analysts' forecasts. JPMorgan Chase climbed 1.3%.
The gains came after China said it had agreed with the U.S. to gradually ease tariffs on each other's exports as part of an effort to scale back their trade war.
The S&P 500 index rose 13 points, or 0.4%, to 3,090.
The Dow Jones Industrial Average climbed 152 points, or 0.6%, to 27,646. The Nasdaq added 47 points, or 0.6%, to 8,458.
Bond prices fell sharply. The yield on the 10-year Treasury rose to 1.89%.
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