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Markets Right Now: Tech, banks lead solid gains for stocks

April 12, 2018

This April 5, 2018, photo shows a sign for a Wall Street subway station in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, April 12. (AP Photo/Richard Drew)

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

4 p.m.

Stocks are closing solidly higher as the market adds to its big gains from earlier in the week.

Technology companies and banks contributed the most to the gains Thursday. Microsoft added 1.9 percent and JPMorgan Chase rose 2.5 percent.

Delta Air Lines jumped 2.9 percent and BlackRock rose 1.5 percent after each reported strong results in the latest quarter.

Bed, Bath & Beyond plunged 20 percent after giving a weak forecast for its fiscal year.

The S&P 500 rose 21 points, or 0.8 percent, to 2,663.

The Dow Jones industrial average rose 293 points, or 1.2 percent, to 24,483. The Nasdaq composite climbed 71 points, or 1 percent, to 7,140.

Bond prices fell. The yield on the 10-year Treasury rose to 2.83 percent.

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11:45 a.m.

U.S. stocks are climbing in midday trading as technology companies, banks and industrial companies rally.

Delta Air Lines and BlackRock are rising Thursday after reporting strong results in the first quarter. Delta and BlackRock each rose 2.3 percent.

Big technology companies are also making big gains. Intel jumped 2.9 percent and chipmaker Micron Technology rose 3.8 percent.

Bed, Bath & Beyond plunged 19 percent after giving a weak forecast for its fiscal year.

The S&P 500 rose 21 points, or 0.8 percent, to 2,663.

The Dow Jones industrial average rose 286 points, or 1.2 percent, to 24,472. The Nasdaq composite climbed 70 points, or 1 percent, to 7,139.

Bond prices fell. The yield on the 10-year Treasury rose to 2.82 percent.

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9:35 a.m.

Stocks are opening solidly higher on Wall Street as the market regains ground following a loss the day before.

Several companies were moving higher after reporting encouraging results. Delta Air Lines and fund manager BlackRock each rose 1.8 percent.

Technology companies and banks were also among the early gainers. Intel rose 1.7 percent and Citigroup climbed 1.3 percent.

The S&P 500 rose 16 points, or 0.6 percent, to 2,658.

The Dow Jones industrial average rose 212 points, or 0.9 percent, to 24,401. The Nasdaq composite climbed 46 points, or 0.7 percent, to 7,115.

Bond prices fell. The yield on the 10-year Treasury rose to 2.81 percent.

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