Yahoo Finance Markets Right Now: Stocks end a wobbly day mostly higher
Stocks ended an up-and-down day with slight gains on Wall Street, capping a solid week. Smaller companies rose more than the rest of the market
Trader Fred DeMarco, left, and specialist Michael Pistillo work on the floor of the New York Stock Exchange, Friday, Sept. 14, 2018. U.S. stocks are little changed Friday morning as banks climb but retailers and big-dividend stocks slide. (AP Photo/Richard Drew)
NEW YORK (AP) -- The latest on developments in financial markets (all times local):
4 p.m.
Stocks ended an up-and-down day with slight gains on Wall Street, capping a solid week.
Smaller companies rose more than the rest of the market on Friday following signs of sustained economic growth and reports that more tariffs on Chinese goods could be on the way.
The market got off to a solid start after the Federal Reserve said production of cars and energy jumped in August.
Bond yields rose, which benefited financial stocks. BlackRock climbed 1.5 percent.
The yield on the 10-year Treasury note increased to 2.99 percent.
The S&P 500 index rose less than 1 point to 2,904, its 5th gain in a row.
The Dow Jones Industrial Average edged up 8 points to 26,154. The Nasdaq composite slipped 3 points to 8,010.
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11:45 a.m.
Stocks are slightly higher as financial companies climb but retailers and big-dividend stocks slide.
Investors were encouraged to see a pickup in industrial production in August. That helped send bond yields higher Friday.
Higher bond yields can mean higher profits for banks and other lenders because they can charge more to lend money. LendingTree rose 2.7 percent.
The yield on the 10-year Treasury note rose to 3 percent.
Retailers were weak after the Commerce Department reported that Americans slowed down their spending in August. Gap lost 1.7 percent.
The S&P 500 index rose 2 points, or 0.1 percent, to 2,906.
The Dow Jones Industrial Average added 54 points, or 0.2 percent, to 26,199. The Nasdaq composite gained 13 points, or 0.2 percent, to 8,028.
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9:40 a.m.
Stocks are opening with modest gains after the Federal Reserve said U.S. industrial production jumped in August.
The central bank said production of cars, oil and natural gas rose while output at mines and utilities also grew.
Bond yields rose Friday, sending bank stocks higher. JPMorgan Chase gained 0.7 percent and State Street rose 1.1 percent.
The yield on the 10-year Treasury note rose to 3 percent.
The S&P 500 index rose 2 points, or 0.1 percent, to 2,906.
The Dow Jones Industrial Average added 37 points, or 0.2 percent, to 26,183. The Nasdaq composite gained 9 points, or 0.1 percent, to 8,022.
