NEW YORK (AP) — The latest on developments in financial markets (All times local): 4 p.m. Solid gains for big technology companies helped push stocks higher on Wall Street, giving the Standard & Poor’s 500 index its longest winning streak
NEW YORK (AP) — The latest on developments in financial markets (All times local):
4 p.m.
Solid gains for big technology companies helped push stocks higher on Wall Street, giving the Standard & Poor’s 500 index its longest winning streak in four years.
Google parent Alphabet jumped 1.9 percent Thursday, and Facebook and Microsoft each climbed 1.7 percent. Apple rose 1.2 percent.
Netflix jumped 5.4 percent after raising its prices, and Constellation Brands rose 4 percent after the beer and wine maker raised its full-year profit forecast.
UPS fell 0.7 percent after Bloomberg News reported that Amazon is testing its own delivery service. Amazon rose 1.6 percent.
The Standard & Poor’s 500 index climbed 14 points, or 0.6 percent, to 2,552.
The Dow Jones industrial average gained 113 points, or 0.5 percent, to 22,775, and the Nasdaq composite added 50 points, or 0.8 percent, to 6,585.
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11:45 a.m.
U.S. stocks are climbing again, putting the Standard & Poor’s 500 index on track for its longest winning streak in four years.
Netflix rose 3.4 percent in midday trading Thursday after raising its prices, and Constellation Brands jumped 4 percent after the beer and wine maker raised its full-year profit forecast.
UPS fell 1.5 percent after Bloomberg News reported that Amazon is testing its own delivery service. Amazon rose 1 percent.
The Standard & Poor’s 500 index climbed 10 points, or 0.4 percent, to 2,547.
The Dow Jones industrial average gained 80 points, or 0.4 percent, to 22,741, and the Nasdaq composite added 27 points, or 0.4 percent, to 6,561.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.35 percent.
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9:35 a.m.
Stocks are inching higher in early trading on Wall Street a day after the market closed at its latest record high.
Constellation Brands jumped 4.4 percent shortly after the opening bell Thursday after the beer and wine maker reported earnings that beat analysts’ estimates. It also raised its full-year profit forecast.
UPS fell 1.5 percent and FedEx fell almost 1 percent after Bloomberg News reported that Amazon is testing its own delivery service. Amazon rose 1 percent.
The Standard & Poor’s 500 index rose 4 points, or 0.2 percent, to 2,542.
The Dow Jones industrial average gained 13 points, or 0.1 percent, to 22,674, and the Nasdaq composite climbed 26 points, or 0.4 percent, to 6,561.
Bond prices fell. The yield on the 10-year Treasury note fell to 2.34 percent.
