Markets Right Now: US stock indexes climb in midday trading
The latest on developments in financial markets (all times local):
U.S. stocks moved sharply higher in midday trading, adding to the market’s gains from a day earlier.
Consumer-focused stocks were among the biggest gainers Tuesday. Netflix soared 8 percent after reporting huge subscriber gains. Amazon rose 2.6 percent.
Technology, industrial and health care stocks also rose. UnitedHealth added 3.2 percent after it reported a hefty jump in profit and raised its 2018 forecast.
The S&P 500 index rose 28 points, or 1.1 percent, to 2,706.
The Dow Jones industrial average gained 255 points, or 1 percent, to 24,828. The Nasdaq composite climbed 116 points, or 1.6 percent, to 7,272.
Bond prices didn’t move much. The yield on the 10-year Treasury held at 2.83 percent.
Stocks are opening higher on Wall Street, adding to gains from a day earlier.
Technology stocks, retailers and other consumer-focused companies are posting solid gains early Tuesday as investors sized up the latest company earnings news.
Netflix climbed 7 percent after the video streaming service said it gained 7.4 million subscribers in the first quarter.
Goldman Sachs gained 1 percent after its results topped analysts’ forecasts.
UnitedHealth added 4.2 percent after it reported a hefty jump in profit and it boosted its 2018 forecast.
The S&P 500 index rose 16 points, or 0.6 percent, to 2,694.
The Dow Jones industrial average gained 218 points, or 0.9 percent, to 24,791. The Nasdaq composite climbed 56 points, or 0.8 percent, to 7,212.
The yield on the 10-year Treasury held at 2.83 percent.
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