Markets Right Now: Strong earnings send US stocks higher
Posted Aug 22, 2019 7:43 am.
NEW YORK — The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are edging higher in early trading on Wall Street as some encouraging earnings reports put investors in a buying mood.
Nordstrom jumped 11.8% Thursday after reporting results that easily beat analysts forecasts. Keysight Technologies rose 3.9% after beating forecasts.
Financial and industrial stocks were also doing well in the early going. JPMorgan Chase added 1.2% and Boeing rose 1.7%.
The S&P 500 rose 12 points, or 0.4%, to 2,937.
The Dow Jones Industrial Average added 148, or 0.6%, to 26,349. The Nasdaq climbed 22, or 0.3%, to 8,041.
Bond prices fell. The yield on the 10-year Treasury rose to 1.60% from 1.57%.
The Associated Press
