Markets Right Now: Stock indexes move higher on Wall Street

AP News
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Posted: Dec 14, 2017 11:59 AM

The latest on developments in financial markets (All times local):

11:45 a.m.

Stocks are modestly higher in midday trading on Wall Street as technology companies and retailers climb.

Google's parent company Alphabet rose 1.4 percent Thursday, and Amazon rose 1 percent.

Disney rose 1.3 percent after announcing a deal to buy most of Rupert Murdoch's 21st Century Fox. Fox rose 3.9 percent.

Teva Pharmaceuticals soared 14 percent after the Israeli drugmaker said it would lay off a quarter of its staff.

The Standard & Poor's 500 rose 2 points, or 0.1 percent, to 2,665.

The Dow Jones industrials climbed 40 points, or 0.2 percent, to 24,625. The Nasdaq composite increased 18 points, or 0.3 percent, to 6,893.

Bond prices fell. The yield on the 10-year Treasury rose to 2.36 percent.

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9:35 a.m.

Stocks are off to a solid start on Wall Street as technology companies and banks rise.

Disney rose 1.8 percent in early trading Thursday after announcing a deal to buy entertainment businesses from Rupert Murdoch's 21st Century Fox conglomerate. Fox was up 0.5 percent.

Teva Pharmaceuticals soared 15 percent after the Israeli drugmaker said it would lay off a quarter of its staff.

The Standard & Poor's 500 rose 3 points, or 0.1 percent, to 2,665.

The Dow Jones industrials climbed 78 points, or 0.3 percent, to 24,661. The Nasdaq increased 8 points, or 0.1 percent, to 6,884.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.37 percent.