Markets Right Now: Stocks end higher on Wall Street

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

4:00 p.m.

Stocks closed solidly higher on Wall Street after several companies delivered positive surprises in their quarterly earnings reports.

Netflix soared 19 percent Tuesday after reporting results that were far better than analysts were expecting. Goldman Sachs rose 2 percent and Comerica gained 4 percent after both banks also reported better-than-expected results.

Safe-play stocks lagged the market. Phone companies had the smallest gain in the Standard & Poor's 500 index.

The Dow Jones industrial average rose 75 points, or 0.4 percent, to 18,161.

The S&P 500 index climbed 13 points, or 0.6 percent, to 2,139. The Nasdaq composite increased 44 points, or 0.9 percent, to 5,243.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.75 percent.

___

11:45 a.m.

Strong earnings reports from a number of companies are driving solid gains on Wall Street in midday trading.

Netflix soared 19 percent Tuesday after reporting earnings that were far better than analysts were expecting. Goldman Sachs rose 2 percent and Comerica gained 3 percent after both banks also reported better-than-expected results.

Safe-play stocks lagged the market. Utilities and phone companies were among the weakest sectors in the Standard & Poor's 500 index.

The Dow Jones industrial average rose 95 points, or 0.5 percent, to 18,184.

The S&P 500 index climbed 15 points, or 0.7 percent, to 2,142. The Nasdaq composite increased 56 points, or 1.1 percent, to 5,256.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.75 percent.

___

9:35 a.m.

Strong earnings reports from a number of companies are driving solid gains on Wall Street in early trading.

Netflix soared 19 percent early Tuesday after reporting earnings late Monday that were far better than analysts were expecting. Goldman Sachs rose 2 percent and Comerica gained 3 percent after both banks also reported better-than-expected results.

Safe-play stocks lagged the market. Phone companies and utilities posted the smallest gains of the 11 sectors in the Standard & Poor's 500 index.

The Dow Jones industrial average rose 113 points, or 0.6 percent, to 18,200.

The S&P 500 index climbed 15 points, or 0.7 percent, to 2,142. The Nasdaq composite increased 51 points, or 1 percent, to 5,250.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.78 percent.

This story has been automatically published from the Associated Press wire which uses US spellings

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter

SIGN UP NOW

© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production bpcf05 at 09 Dec 2016 10:12:57 Processing Time: 558ms