NEW YORK (AP) - The latest on developments in financial markets (all times local):
4 p.m.
A brighter outlook on the global economy helped send U.S. stocks solidly higher on Wall Street.
In another hopeful sign, long-term bond yields rose above their recent lows Monday, following a sharp drop last month that had spooked investors.
Banks led the way higher. JPMorgan Chase and Bank of America each jumped 3.4%.
Technology companies also rose. Intel climbed 1.5%.
Lyft sank 12%, giving up the gains it posted on its first day of trading Friday.
The S&P 500 index rose 32 points, or 1.2%, to 2,867.
The Dow Jones Industrial Average rose 329 points, or 1.3%, to 26,258. The Nasdaq rose 99 points, or 1.3%, to 7,828.
Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.50%.
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11:45 a.m.
Stocks moved broadly higher on Wall Street in midday trading, continuing the market’s upward momentum as it comes off its best quarter in nearly a decade.
Technology companies and banks led the gains Monday. Intel rose 1.2% in early trading Monday and JPMorgan Chase added 1.1%.
ComScore plunged 19% after the media analytics firms lost two top executives.
Lyft sank 10%, giving up the gains it posted on its first day of trading Friday.
The S&P 500 index rose 23 points, or 0.8%, to 2,857.
The Dow Jones Industrial Average rose 245 points, or 1%, to 26,173. The Nasdaq rose 72 points, or 0.9%, to 7,801.
Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.48%.
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9:35 a.m.
Stocks are opening broadly higher on Wall Street as technology companies and banks post solid gains.
Intel rose 1.2% in early trading Monday and JPMorgan Chase added 1.1%.
Cal-Maine Foods rose 1.4% after the egg company reported earnings that easily beat analysts’ forecasts.
ComScore plunged 19% after the media analytics firms lost two top executives.
Lyft sank 8.7%, giving up the gains it posted on its first day of trading Friday.
The S&P 500 index rose 21 points, or 0.8%, to 2,855.
The Dow Jones Industrial Average rose 192 points, or 0.7%, to 26,119. The Nasdaq rose 74 points, or 1%, to 7,802.
Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.44%.
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