published on October 28, 2019 - 1:26 PM
Written by Associated Press

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

4 p.m.
The S&P 500 is closing at an all-time high for the first time since July, and the Nasdaq is also near a record.

The gains Monday came at the beginning of a busy week of earnings, economic data and expectations of another interest rate cut by the Federal Reserve.

Technology, health care and communications stocks powered the advance, outweighing losses in real estate, utilities and household goods makers.

Tiffany soared 31.6% after the French luxury company LVMH offered to buy the iconic jeweler for $14.5 billion.

The S&P 500 rose 16 points, or 0.6%, to 3,039.

The Dow Jones Industrial Average added 132 points, or 0.5%, to 27,090. The Nasdaq rose 82 points, or 1%, to 8,325.

Bond prices fell. The yield on the 10-year Treasury rose to 1.84%.

11:45 a.m.
Stocks moved broadly higher on Wall Street, putting the S&P 500 on track for a record high at the beginning of a busy week of corporate earnings and economic reports.

Microsoft rose 2.4% Monday after the company won a $10 billion cloud computing contract from the Pentagon.

Tiffany soared 32% after the French luxury company LVMH offered to buy the iconic jeweler for $14.5 billion.

The gains came at the beginning of an unusually busy week for company earnings, economic reports and central bank meetings.

The S&P 500 rose 16 points, or 0.5%, to 3,038.

The Dow Jones Industrial Average added 101 points, or 0.4%, to 27,060. The Nasdaq rose 74 points, or 0.9%, to 8,317.

Bond prices fell. The yield on the 10-year Treasury rose to 1.85%.

9:35 a.m.
Stocks are opening broadly higher on Wall Street, putting the benchmark S&P 500 index on track for a record high.

Tiffany soared 28% in the early going Monday after the French luxury company LVMH, which owns Fendi and Christian Dior, offered to buy the company for $14.5 billion.

The gains came at the beginning of an unusually busy week for company earnings, economic reports and central bank meetings. The Federal Reserve makes its latest announcement on interest rate policy on Wednesday.

The S&P 500 rose 17 points, or 0.6%, to 3,039.

The Dow Jones Industrial Average added 161 points, or 0.6%, to 27,122. The Nasdaq rose 58 points, or 0.7%, to 8,302.

Bond prices fell. The yield on the 10-year Treasury rose to 1.85%.


e-Newsletter Signup

Our weekly poll

What is the single-biggest reason for a spike in violent crime in Fresno?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY