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Markets Right Now: Slight gains send S&P 500 higher for week

September 6, 2019

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

4 p.m.

Stocks eked out some narrow gains on Wall Street, enough to give the S&P 500 index its second weekly gain in a row.

The market shook off an early stumble Friday thanks largely to gains in health care stocks and makers of consumer products. HCA Healthcare climbed 1.5% and Pepsi rose 1%.

Several major technology stocks were lower. Facebook fell 1.8% after New York’s attorney general announced an antitrust investigation into the company.

The S&P 500 rose 2 points, or 0.1%, to 2,978. It rose 1.8% for the week.

The Dow Jones Industrial Average added 69 points, or 0.3%, to 26,797. The Nasdaq slipped 13 points, or 0.2%, to 8,103.

Bond prices rose. The yield on the 10-year Treasury fell to 1.55%.

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11:45 a.m.

Stocks are modestly higher in midday trading on Wall Street, keeping the market on track for its second weekly gain in a row.

Major indexes shook off an early stumble Friday and managed to turn higher thanks to strength in health care and industrial stocks.

AbbVie, a drugmaker, climbed 1.3% and Boeing rose 1.1%.

Several major technology stocks were lower. Facebook fell 1.9% after New York’s attorney general announced an antitrust investigation into the company.

The S&P 500 rose 3 points, or 0.1%, to 2,979.

The Dow Jones Industrial Average added 75 points, or 0.3%, to 26,800. The Nasdaq was little changed at 8,117.

Bond prices rose. The yield on the 10-year Treasury fell to 1.54%.

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9:35 a.m.

Stocks are giving up an early gain and turning mixed in early trading as traders looked over a mixed report on the job market last month.

Safe-play stocks like consumer products makers and utilities were among the gainers early Friday, a sign that investors are remaining cautious. Philip Morris International rose 0.9%

Higher-risk sectors like technology turned lower after several days of gains. Microsoft gave back 1%.

Before trading opened the government reported that U.S. employers added 130,000 jobs in August, a sign that hiring has slowed but remains durable.

The S&P 500 edged down 1 point to 2,973.

The Dow Jones Industrial Average edged up 10 points to 26,740. The Nasdaq lost 15, or 0.2%, to 8,101.

The yield on the 10-year Treasury held steady at 1.56%.

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