published on January 25, 2019 - 1:20 PM
Written by Associated Press

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

4 p.m.
Stocks are closing higher on Wall Street but still wound up with a weekly loss, ending a four-week winning streak.

Technology and industrial stocks wound up with the biggest gains on Friday. Apple climbed 3.3 percent and Boeing added 1.7 percent.

Retailers, energy companies and makers of basic materials all did better than the broader market. Those industries and stocks tend to do better when economic growth improves.

Starbucks jumped 3.6 percent after reporting strong sales.

The S&P 500 index rose 22 points, or 0.8 percent, to 2,664.

The Dow Jones Industrial Average climbed 183 points, or 0.7 percent, to 24,737. The Nasdaq added 91 points, or 1.3 percent, to 7,164.

Bond prices fell. The yield on the 10-year Treasury rose to 2.75 percent.

11:45 a.m.
Stocks are climbing in midday trading on Wall Street, led by gains in technology and consumer-focused companies.

Optimism over economic growth is sending industrial and energy companies higher Friday, along with banks and makers of basic materials.

Starbucks jumped 3.7 percent after reporting strong sales over the holiday period.

Western Digital rose 5.1 percent after issuing a positive forecast. Rival hard drive maker Seagate climbed 5.7 percent.

The S&P 500 index rose 26 points, or 1 percent, to 2,668.

The Dow Jones Industrial Average climbed 238 points, or 1 percent, to 24,790. The Nasdaq added 93 points, or 1.3 percent, to 7,166.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.74 percent.

9:35 a.m.
Stocks are opening broadly higher on Wall Street after several companies released solid earnings and forecasts.

Starbucks rose 2.5 percent early Friday after reporting that sales were strong over the holiday period, and Western Digital jumped 9 percent after issuing a positive forecast. Rival hard drive maker Seagate also rose 9.4 percent.

The S&P 500 index rose 17 points, or 0.7 percent, to 2,659.

The Dow Jones Industrial Average rose 194 points, or 0.8 percent, to 24,748.

The Nasdaq composite rose 47 points, or 0.7 percent, to 7,120.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.74 percent.


e-Newsletter Signup

Our weekly poll

Are you willing to travel for business again?

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