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Markets Right Now: Earnings gains drive stocks higher

February 5, 2019
Trader Andrew Silverman works on the floor of the New York Stock Exchange, Tuesday, Feb. 5, 2019. Stocks are opening higher on Wall Street as investors welcomed some strong earnings reports from U.S. companies. (AP Photo/Richard Drew)

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

4 p.m.

Stocks are closing broadly higher on Wall Street as strong earnings reports from several U.S. companies put investors in a buying mood.

Estee Lauder jumped 11.6 percent and Ralph Lauren climbed 8.4 percent Tuesday. Both reported earnings that came in well ahead of what analysts were expecting.

Viacom, an entertainment company that owns Comedy Central and Paramount Pictures, rose 3 percent after reporting results that also beat analysts’ estimates.

The S&P 500 index rose 12 points, or 0.5 percent, to 2,737.

The Dow Jones Industrial Average climbed 172 points, or 0.7 percent, at 25,411. The Nasdaq added 54 points, or 0.7 percent, to 7,402.

Bond prices rose. The yield on the 10-year Treasury fell to 2.70 percent.

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11:45 a.m.

Stocks are moving broadly higher in midday trading on Wall Street as investors welcomed some strong earnings reports from U.S. companies.

Estee Lauder jumped 12.2 percent and Ralph Lauren climbed 7.9 percent Tuesday. Both reported earnings that came in well ahead of what analysts were expecting.

Viacom, an entertainment company that owns Comedy Central and Paramount Pictures, rose 3.6 percent after reporting earnings that also beat analysts’ estimates.

The S&P 500 index rose 8 points, or 0.3 percent, to 2,733.

The Dow Jones Industrial Average climbed 146 points, or 0.6 percent, at 25,389. The Nasdaq added 44 points, or 0.6 percent, to 7,391.

Bond prices rose. The yield on the 10-year Treasury fell to 2.70 percent.

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9:35 a.m.

Stocks are opening higher on Wall Street as investors welcomed some strong earnings reports from U.S. companies.

Estee Lauder jumped 11.3 percent and Ralph Lauren climbed 10.2 percent in the first few minutes of trading Tuesday. Both reported earnings that came in well ahead of what analysts were expecting.

Health insurer Centene rose 4.4 percent after reporting strong growth in membership.

The S&P 500 index rose 7 points, or 0.2 percent, to 2,731.

The Dow Jones Industrial Average climbed 104 points, or 0.4 percent, at 25,343. The Nasdaq added 34 points, or 0.5 percent, to 7,382.

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

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