Markets Right Now: Stocks swing back to gains, Dow up 330

AP

Print Article

  • Trader Gordon Charlop works on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018. U.S. stocks wavered between small gains and losses in morning trading Friday, giving up some of a big jump that came right after the opening bell. The strong open came a day after the market entered a "correction" for the first time in two years. (AP Photo/Richard Drew)

  • 1

    FILE - In this Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 9, 2018. (AP Photo/Richard Drew, File)

  • Trader Gordon Charlop works on the floor of the New York Stock Exchange, Friday, Feb. 9, 2018. U.S. stocks wavered between small gains and losses in morning trading Friday, giving up some of a big jump that came right after the opening bell. The strong open came a day after the market entered a "correction" for the first time in two years. (AP Photo/Richard Drew)

  • 1

    FILE - In this Nov. 13, 2015, file photo, the American flag flies above the Wall Street entrance to the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 9, 2018. (AP Photo/Richard Drew, File)

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

4:05 p.m.

Stocks staged a late rally Friday, ending a wild week marked by dramatic point swings on a positive note.

The Dow Jones industrial average gained 330 points, or 1.4 percent, to 24,190. Earlier in the day it had dropped by 500. The S&P 500 gained 38 points.

Still, both the Dow and S&P 500 lost more than 5 percent for the week. Both indexes had their worst week since January 2016. The Dow recorded 1,000-point drops on Monday and Thursday.

The Standard & Poor's 500 index rose 1.5 percent, to close at 2,619. The Nasdaq rose 97 points, or 1.4 percent, to 6,874.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.85 percent.

___

11:45 a.m.

Stocks struggled to stabilize in unsteady trading on Wall Street as an early gain quickly evaporated.

The up-and-down trading Friday came a day after the market entered its first correction in two years. That means a drop of 10 percent from a recent peak.

Major U.S. indexes set their latest record highs just two weeks ago.

The Dow Jones industrial average fell 50 points, or 0.2 percent, to 24,122. It was up as much as 349 in early trading. The Dow has had two 1,000-point drops this week.

The Standard & Poor's 500 index slipped 1 point, or 0.1 percent, to 2,579. The Nasdaq was down 10 points, or 0.2 percent, to 6,765.

Bond prices didn't move much. The yield on the 10-year Treasury note was unchanged at 2.83 percent.

___

9:35 a.m.

Stocks are opening higher on Wall Street as the stock market recovers some of the massive losses it has suffered over the past week.

The Dow Jones industrial average is up more than 300 points in early trading Friday, a day after it suffered its second 1,000-point drop in a week.

Some of the market's biggest winners over the past year were leading the market higher. Amazon rose 2.2 percent.

The Dow was up 264 points, or 1.1 percent, at 24,122. It was up as much as 349 shortly after the opening bell.

The Standard & Poor's 500 index rose 24 points, or 0.9 percent, to 2,604. The Nasdaq rose 69 points, or 1 percent, to 6,847.

The yield on the 10-year Treasury note rose to 2.86 percent.

Print Article

Read More National & World

The Latest: SpaceX launches satellite from California

AP

February 22, 2018 at 8:48 am | VANDENBERG AIR FORCE BASE, Calif. (AP) The Latest on a SpaceX launch of a Spanish satellite from California (all times local): 6:34 a.m. A SpaceX rocket carrying a Spanish satellite created...

Comments

Read More

Markets Right Now: Stocks open higher on Wall Street

AP

February 22, 2018 at 8:41 am | NEW YORK (AP) The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening higher on Wall Street following a late sell-off in the market a day earlier. ...

Comments

Read More

Book Trump? Interest groups press case at his properties

AP

February 22, 2018 at 7:04 am | WASHINGTON (AP) Payday lenders got regulators to rethink rules on how closely to vet borrowers. E-cigarette makers got a delay in federal oversight of many vaping products. Candy makers praised a d...

Comments

Read More

EU leaders prepare life without Britain, mull future ties

AP

February 22, 2018 at 5:00 am | BRUSSELS (AP) European Union leaders meet without Britain Friday looking to plug a major budget hole after Brexit and endorse a plan to streamline the European Parliament by sharing out the country...

Comments

Read More

Contact Us

(406) 755-7000
727 East Idaho
Kalispell, MT 59901

©2018 Daily Inter Lake Terms of Use Privacy Policy
X
X