AP NEWS

Markets Right Now: Stocks extend gains into a 4th week

February 19, 2019
FILE- This April 5, 2018, file photo shows part of the trading floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Feb. 19, 2019. (AP Photo/Richard Drew, File)

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

4 p.m.

Stocks shook off a wobbly start and ended modestly higher on Wall Street, extending the market’s gains into a fourth week.

Solid earnings from Walmart sent the company up 2.2 percent Tuesday and also encouraged investors to bid up other retailers.

Homebuilders also rose after an industry survey showing higher confidence within the industry heading into the spring homebuying season. KB Home rose 1.2 percent.

The S&P 500 rose 4 points, or 0.1 percent, to 2,779.

The Dow Jones Industrial Average added 8 points, less than 0.1 percent, to 25,891. The Nasdaq rose 14 points, or 0.2 percent, to 7,486.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.64 percent.

U.S. markets were closed Monday for the Presidents Day holiday.

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11:45 a.m.

Stocks are edging higher in midday trading on Wall Street as gains for retailers and technology companies offset losses elsewhere in the market.

Amazon rose 1.4 percent Tuesday, and chipmaker Advanced Micro Devices climbed 3 percent.

Walmart jumped 3.6 percent after reporting earnings that beat forecasts.

The S&P 500 rose 6 points, or 0.2 percent, to 2,781.

The Dow Jones Industrial Average added 32 points, or 0.1 percent, to 25,914. The Nasdaq rose 24 points, or 0.3 percent, to 7,496.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.64 percent.

U.S. markets were closed Monday for the Presidents Day holiday.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street led by declines in banks and industrial companies.

JPMorgan Chase lost 1.2 percent in early trading Tuesday and General Electric gave up 1.1 percent.

HSBC, a bank based in London, fell 3.8 percent after reporting results that fell short of analysts’ estimates.

Walmart jumped 3.1 percent after reporting earnings that beat forecasts.

The S&P 500 fell 3 points, or 0.1 percent, to 2,772.

The Dow Jones Industrial Average slipped 12 points, less than 0.1 percent, to 25,872. The Nasdaq was little changed at 7,470.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.64 percent.