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published on October 24, 2019 - 1:22 PM
Written by Associated Press

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

4 p.m.
Stocks turned in a mixed finish on Wall Street as big gains by technology companies were offset by losses in health care, communications services and other sectors.

Microsoft, PayPal and Lam Research all rose after posting solid results in the latest quarter.

The tech sector added to its already sizable gains this year, which are far outpacing the rest of the market.

Communication companies fared the worst. Twitter plunged 20.8% after reporting weak results.

The S&P 500 rose 5 points, or 0.2%, to 3,010.

The Dow Jones Industrial Average fell 28 points, or 0.1%, to 26,805. The Nasdaq rose 66 points, or 0.8%, to 8,185.

The yield on the 10-year Treasury held steady at 1.76%.

11:45 a.m.
Stocks are wobbling between small gains and losses on Wall Street as investors reviewed a mixed batch of quarterly results from U.S. companies.

Technology stocks made the strongest gains in midday trading Thursday.

Microsoft rose 2.1% after handily beating Wall Street’s quarterly profit forecast, and PayPal soared 7.8%. Tesla also soared after reporting a surprise profit.

Most other sectors edged lower. Communication companies fared the worst as Twitter plunged 18% on weak results.

The S&P 500 rose 6 points, or 0.2%, to 3,010.

The Dow Jones Industrial Average fell 27 points, or 0.1%, to 26,806. The Nasdaq rose 61 points, or 0.8%, to 8,181.

Bond prices rose. The yield on the 10-year Treasury fell to 1.75%.

9:35 a.m.
Stocks are moving broadly higher on Wall Street after several big U.S. companies reported results that pleased investors.

Microsoft, Comcast and Astrazeneca all rose in early trading Thursday after reporting solid third-quarter numbers.

Tesla soared 15.6% after posting a surprise profit of $143 million, raising hopes the electric car pioneer may finally be turning the corner.

Twitter plunged 19% after cutting its outlook, blaming some of its problems on bugs related to its advertising platform.

The S&P 500 rose 8 points, or 0.3%, to 3,012.

The Dow Jones Industrial Average rose 46 points, or 0.2%, to 26,875. The Nasdaq rose 50 points, or 0.6%, to 8,169.

Bond prices rose. The yield on the 10-year Treasury fell to 1.75%.


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