US indexes hold on to moderate gains

FILE- In this March 5, 2019, file photo specialist Matthew Grenier works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, April 3. Richard Drew, File AP PhotoNEW YORK

The latest on developments in financial markets (all times local):

4 p.m.

A late stumble took away much of the gains from an early rally but major U.S. indexes still ended slightly higher on Wall Street.

Another drop in Boeing Wednesday held back the Dow Jones Industrial Average, but the 30-stock index still managed to post a slight gain.

The S&P 500 index extended its winning streak into a fifth day.

Big gains for chipmakers helped keep the technology sector in the lead. Intel climbed 2% and Nvidia added 3.1%.

GameStop sank 4.7% after reporting weak first-quarter sales.

The S&P 500 rose 6 points, or 0.2%, to 2,873.

The Dow rose 39 points, or 0.1%, to 26,218. The Nasdaq rose 46 points, or 0.6%, to 7,895.

Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.51%.

___

11:45 a.m.

Stocks are higher on Wall Street in midday trading as technology companies lead the way.

Intel rose 2.8% Wednesday, a day after the company named a new chief financial officer. Rival chipmaker Advanced Micro Devices jumped 11.6%.

Dave & Buster’s rose 4% after the restaurant chain reported solid earnings last quarter.

GameStop sank 5.8% after reporting weak first-quarter sales and issuing a weak forecast.

The S&P 500 index rose 16 points, or 0.6%, to 2,883.

The Dow Jones Industrial Average rose 82 points, or 0.3%, to 26,261. The Nasdaq rose 77 points, or 1%, to 7,925.

Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.51%.

___

9:35 a.m.

Stocks are

Read More Here...

Bookmark the permalink.