Markets Right Now: Stocks end solidly higher on Wall Street

AP News
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Posted: May 25, 2016 4:17 PM

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

4:00 p.m.

Stocks closed higher on Wall Street, as energy companies rose with the price of oil, while chemicals and mining company shares also gained.

Hewlett Packard Enterprise jumped nearly 7 percent and Computer Sciences Corporation surged 42 percent after HP Enterprise said it will sell its business service unit to CSC for $8.5 billion.

Chesapeake Energy gained over 7 percent as oil prices continued to climb.

Monsanto also rose after Bayer said it's committed to completing its acquisition of the company.

The Dow Jones industrial average rose 145 points, or 0.8 percent, to 17,852. The Standard and Poor's 500 index rose 14 points , or 0.7 percent, to 2,090. The Nasdaq composite climbed 34 points, or 0.7 percent, to 4,895.

Bond prices fell. The yield on the 10-year U.S. Treasury note rose to 1.87 percent from 1.86 percent.

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11:50 a.m.

Stocks are moving higher on Wall Street, led by gains in mining and chemicals companies and banks.

Hewlett Packard Enterprise rose nearly 10 percent and Computer Sciences Corporation surged 34 percent after HP Enterprise said it will sell its business service unit to CSC for $8.5 billion.

Chesapeake Energy rose over 5 percent as oil prices continued to climb.

Monsanto also rose after Bayer said it's committed to completing its acquisition of the company.

The Dow Jones industrial average rose 152 points, or 0.9 percent, to 17,857. The Standard and Poor's 500 index rose 13 points , or 0.6 percent, to 2,089. The Nasdaq composite climbed 26 points, or 0.5 percent, to 4,886.

Bond prices rose. The yield on the 10-year U.S. Treasury note dipped to 1.85 percent from 1.86 percent.

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9:50 a.m.

Stocks are opening higher on Wall Street, led by gains in energy and financial shares.

Hewlett Packard Enterprise rose over 11 percent and Computer Sciences Corporation surged nearly 34 percent after HP Enterprise said it will sell its business service unit to CSC for $8.5 billion.

Chesapeake Energy rose nearly 11 percent as oil prices continued to climb.

Monsanto also rose after Bayer said it's committed to completing its acquisition of the company.

The Dow Jones industrial average rose 110 points , or 0.6 percent, to 17,817. The Standard and Poor's 500 index rose 12 points , or 0.6 percent, to 2,088. The Nasdaq composite climbed 22 points, or 0.5 percent, to 4,883.