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published on February 4, 2019 - 1:46 PM
Written by Associated Press

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

4 p.m.
Stocks recovered from an early slide and finished broadly higher as gains in technology and industrial companies outweighed losses elsewhere in the market.

The market had gotten off to a weak start Monday after the government reported that factory orders fell in November, but by midday major indexes had turned higher.

Clorox and Sysco rose after beating Wall Street forecasts for their most recent quarters.

Troubled pizza chain Papa John’s surged on an infusion of $200 million and a new board chairman.

The S&P 500 rose 18 points, or 0.7 percent, to 2,724.

The Dow Jones Industrial Average climbed 175 points, or 0.7 percent, to 25,239. The Nasdaq composite added 83 points, or 1.2 percent, to 7,347.

Bond price fell. The yield on the 10-year Treasury rose to 2.72 percent.

11:50 a.m.
Stocks moved higher on Wall Street Monday amid speculation over the next step in the U.S. trade dispute with China.

Information technology and consumer staples are leading the gains, while health care and utilities stocks are trailing behind.

American and Chinese negotiators ended two days of talks in Washington last week without word of a deal.

Clorox Company is up 6.8 percent after reporting consensus-beating second-quarter profit. Weyerhaeuser is down 3.9 percent after reporting lower revenue and profit in its most recent quarter.

The S&P 500 is up 6 points, or 0.2 percent, to 2,712. The Dow Jones Industrial Average is up 2 points at 25,065. The Nasdaq composite is up 59 points, or 0.8 percent, to 7,324.

Bond price fell. The yield on the 10-year Treasury rose to 2.72 percent.

9:35 a.m.
Stocks are opening slightly lower on Wall Street Monday amid speculation over the next step in the U.S. trade dispute with China.

Consumer staples and financials are up while energy and utilities stocks are leading the decline.

American and Chinese negotiators ended two days of talks in Washington last week without word of a deal.

Clorox Company is up 4.3 percent while LyondellBasell Industries is down 2.2 percent.

The S&P 500 is down less than 1 point at 2,705. The Dow Jones Industrial Average is down 21 points, or 0.1 percent, at 25,041. The Nasdaq composite is up 13 points, or 0.2 percent, to 7,277.

Bond price fell. The yield on the 10-year Treasury rose to 2.71 percent.


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