Share

Markets Right Now: Stocks rebound, led by tech companies

Share

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

4:00 p.m.

Stocks turned broadly lower on Wall Street Tuesday as investors shifted money into bonds, sending yields to their lowest level in nearly two years.

The Dow Jones Industrial Average fell 237 points, or 0.9%, to 25,347. The Dow had risen as much as 131 points earlier.

The market is coming off its third straight weekly loss. U.S. markets were closed Monday for the Memorial Day holiday.

Trending:
The Hidden Gift for Media Dems Put in Their Spending Bill Effectively Turns Every Outlet Into NPR

Bond prices rose and the yield on the 10 year Treasury dropped to 2.26%, its lowest level since September 2017. Falling yields are typically a sign that investors feel jittery about long-term economic prospects.

The S&P 500 lost 23 points, or 0.8%, to 2,802. The Nasdaq fell 29 points, or 0.4%, to 7,607.

Total System Services rose 4.8% after agreeing to be acquired by rival payment processer Global Payments.

________

12:15 p.m.

Investors appear to have turned cautious Tuesday after stocks opened with solid gains.

Around midday, the Dow Jones Industrial Average was up 25 points, or 0.1%. The Dow gained as much as 131 points earlier.

The market is coming off its third straight weekly loss. U.S. markets were closed Monday for the Memorial Day holiday.

Bond prices rose and the yield on the 10 year Treasury dropped to 2.27%, its lowest level since October 2017. Falling yields are typically a sign that investors feel jittery about long-term economic prospects.

Related:
Illinois Man Wins Marathon After the Two Runners Who Outpaced Him Made a Critical Error That Cost Them the Race

The S&P 500 rose 4 points, or 0.2%, to 2,830. The Nasdaq gained 35 points, or 0.5%, to 7,672, led by gains in technology shares.

Total System Services rose 5.8% after agreeing to be acquired by rival payment processer Global Payments.

___

9:35 a.m.

Stocks are rising at the open on Wall Street Tuesday, led by technology and consumer-focused companies.

Total System Services rose 4.6% after agreeing to be acquired by rival payment processing company Global Payments for $21.5 billion.

Beyond Meat gained 8.1%. An analyst at JPMorgan called the growth opportunity for the maker of plant-based burgers and sausages “extraordinary.”

The S&P 500 added 10 points, or 0.4%, to 2,836. The broad market index has fallen three straight weeks.

The Dow rose 105 points, or 0.4%, to 25,691.

The Nasdaq gained 44 points, or 0.6%, to 7,681.

Bonds rose. The yield on the 10 year Treasury fell to 2.29%, close to its lowest level since October 2017.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



loading

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
Share
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




loading

Conversation