Markets Right Now: Stocks open higher on Wall Street
Thursday, 22 February 2018 NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening higher on Wall Street following a late sell-off in the market a day earlier. Technology companies and banks rose the most early Thursday. HP rose 1.6 percent and Bank of New York Mellon climbed 1.3 percent. Chesapeake Energy jumped 10.6 percent, the most in the Standard & Poor's 500 index, after reporting earnings that were higher than analysts were expecting. Bond prices rose, sending yields lower. That came as a relief following a late spike in bond yields a day earlier. The yield on the 10-year Treasury fell to 2.92 percent. The S&P 500 rose 17 points, or 0.7 percent, to 2,719.
According to Reuters, Wall Street fell 1.5 percent on Friday with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset..
Stocks plunged on Wall Street Tuesday, casting a huge shadow over next year’s IPO ambitions for some of the Bay Area’s most promising startups. The Dow Jones... bizjournals - BusinessAlso reported by •Reuters