Markets Right Now: Stocks rise for the 6th straight day
Feb. 16, 2018
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks ended an up-and-down day mostly higher, capping a week of strong gains that wiped out more than half of the losses suffered in a series of wild swings in early February.
The Standard & Poor's 500 index rose for the sixth day in a row Friday.
Health care companies posted big gains. Drugmaker AbbVie jumped 3.2 percent.
Homebuilders rose following a report that new construction jumped last month. D.R. Horton rose 1 percent.
Technology stocks fell, pulling the Nasdaq composite index lower.
The S&P 500 edged up 1 point to 2,732.
The Dow Jones industrial average climbed 19 points, or 0.1 percent, to 25,219. The Nasdaq fell 16 points, or 0.2 percent, to 7,239.
Bond prices rose. The yield on the 10-year Treasury fell to 2.87 percent.
Stocks shook off a wobbly start and are higher at midday, putting the market on track for its sixth gain in a row.
The market is headed for its biggest weekly gain since 2011 Friday as it recovers more of the ground it lost in a harrowing plunge at the beginning of February.
Health care and technology companies led the way higher. Johnson & Johnson climbed 2.1 percent and Applied Materials rose 3.2 percent.
Homebuilders rose following a report that new home construction jumped last month. D.R. Horton rose 1.2 percent.
The Standard & Poor's 500 index rose 14 points, or 0.6 percent, to 2,746.
The Dow Jones industrial average climbed 161 points, or 0.6 percent, to 25,359. The Nasdaq increased 30 points, or 0.4 percent, to 7,286.
Stocks are opening slightly higher on Wall Street as the market caps off a solid week of gains.
Health care companies were posting some of the biggest gains in early trading Friday. Drugmaker AbbVie rose 2.3 percent.
Homebuilders were broadly higher following a report that new home construction jumped 9.7 percent last month to the highest level since October 2016. D.R. Horton rose 1.1 percent.
The Standard & Poor's 500 index rose 2 points, or 0.1 percent, to 2,733.
The Dow Jones industrial average climbed 39 points, or 0.2 percent, to 25,242. The Nasdaq climbed 6 points, or 0.1 percent, to 7,263.