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Markets Right Now: Stocks open higher on Wall Street

Stocks are opening solidly higher on Wall Street as the market claims back some of the ground it lost in steep drops over the previous two days.

Reported by: AP Published : Dec 18, 2018 20:30 IST, Updated : Dec 18, 2018 20:30 IST
Markets Right Now: Stocks open higher on Wall Street
Image Source : AP Markets Right Now: Stocks open higher on Wall Street

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

9:35 a.m.

Stocks are opening solidly higher on Wall Street as the market claims back some of the ground it lost in steep drops over the previous two days.

Technology and industrial stocks were among the biggest winners in early trading Tuesday.

Oracle rose 4.2 percent after the business software maker reported better earnings that analysts were expecting.

Boeing, which has taken sharp losses in recent weeks, rose 3.6 percent after announcing a stock buyback and a dividend increase.

The S&P 500 rose 18 points, or 0.7 percent, to 2,563.

The Dow Jones Industrial Average rose 209 points, or 0.9 percent, to 23,812. It had lost just over 1,000 in the previous two trading days.

The Nasdaq rose 44 points, or 0.7 percent, to 6,798.

Bond price rose, sending yields lower.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.
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