Markets Right Now: Stocks end a bumpy day mostly higher
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks ended another roller-coaster day mostly higher on Wall Street, making up just a fraction of the ground they lost in a huge plunge the day before.
Walmart was a standout Thursday, putting up a 6.1% gain after turning in solid results and raising its outlook for the year.
Consumer products makers were also winners. Kellogg added 3.2% and Procter & Gamble rose 1.4%.
In another sign that investors remain jittery, however, prices for safe-play assets like government bonds and utilities also rose.
The S&P 500 rose 6 points, or 0.2%, to 2,847. The Dow Jones Industrial Average rose 99, or 0.4%, to 25,579. The Nasdaq slipped 7, or 0.1% to 7,766.
The yield on 10-year Treasury fell to 1.50% from 1.58% a day earlier, another big drop.
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12:00 p.m.
Stocks are up slightly on Wall Street at midday as the market steadies after a day of big losses.
The Dow Jones Industrial Average rose 129 points Thursday, a day after dropping 800 points as investors grew more concerned about a slowdown in the global economy.
A report showing stronger-than-expected retail sales and a solid profit outlook from Walmart appear to have allayed some concerns about the strength of the U.S. economy.
Walmart rose 4.4%. Makers of consumer products also rose. Kellogg climbed 2.6% and Procter & Gamble added 1.7%.
The S&P 500 rose 14 points, or 0.5%, to 2,855. The Dow gained 0.5% to 25,602. The Nasdaq rose 0.3% to 7,794.
Bond prices rose again. The yield on 10-year Treasury slipped to 1.54% following a sharp decline Wednesday.
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9:35 a.m.
Stocks are rising on Wall Street early Thursday on indications American consumers continue to spend and embrace online shopping.
The Dow Jones Industrial Average is up 67 points, a day after dropping 800 points as investors grew more concerned about a slowdown in the global economy. A report showing stronger-than-expected retail sales and a solid profit outlook from Walmart may allay some concerns about the strength of the U.S. economy.
Walmart rose 5.5%.
The S&P 500 rose 11 points, or 0.4%, to 2,851. The Dow gained 0.3%, to 25,543. The Nasdaq rose 0.2% to 7,788.
The yield on 10-year Treasury slipped slightly to 1.57% following a sharp decline Wednesday.
