published on June 20, 2018 - 1:24 PM
Written by Associated Press

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

4:00 p.m.
Stocks are ending mostly higher Wednesday, although the Dow Jones industrials are posting a seventh straight loss due to weakness in McDonald’s and Travelers.

The Dow slid 42.41, or 0.2 percent, to 24,657.80. It’s fallen 2.6 percent during the losing streak.

The broader S&P 500 index gained 4.73 points, or 0.2 percent, to 2.767.32 and the Nasdaq composite rose 55.93, or 0.7 percent, to 7,781.51, helped by solid gains in technology stocks. The Nasdaq set an all-time high.

Media companies jumped after Disney reached a sweetened deal to buy the entertainment business of Twenty-First Century Fox.

Starbucks plunged to its lowest level in a year and a half after saying its U.S. and China businesses have run into trouble during the current quarter.

12:05 p.m.
U.S. stocks are mostly higher Wednesday as technology and media companies lead a recovery from the turbulent trading seen the day before.

The S&P 500 index is rising 8 points, or 0.3 percent, to 2,771. The Nasdaq composite is up 65 points, or 0.9 percent, to 7,790. The Russell 2000 index of smaller stocks is building on the record set Tuesday, up 11 points, or 0.7 percent, to 1,705.

However, the Dow Jones industrial average could be heading for a seventh straight losing session. The Dow is down 12 points to 24,687.

Twenty-First Century Fox is jumping after it agreed to a new deal with Disney, which will buy Fox’s entertainment businesses for more than $70 billion.

Other media companies are rallying as investors hope for more deals.

9:35 a.m.
U.S. stock markets are opening higher Wednesday as investors set aside fears about a U.S. trade war with China for the moment.

The Dow Jones industrials are up 30 points, or 0.1 percent, to 24,730, after falling 287 points Tuesday.

The Dow has dropped for six straight days.

The S&P 500 index is up 8 points, or 0.3 percent, to 2,771 and the Nasdaq composite is rising 45 points, or 0.6 percent, to 7,770.

Global markets were shaken Tuesday as the U.S. and China escalated their trade dispute with fresh threats of tariffs, although U.S. stocks recovered most of their losses by the end of trading.

Markets in Asia and Europe recovered some of Tuesday’s losses. U.S. crude oil is up 1.3 percent, after dropping 1.2 percent a day earlier.

e-Newsletter Signup

Our weekly poll

Does your business need more federal coronavirus relief?

Loading ... Loading ...

Central Valley Biz Blogs



Article views


Sign up icon

To continue website access to

please create a FREE account OR login here.


Article views


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

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