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Markets Right Now: Dow industrials break 5-day losing streak
NEW YORK – The latest on developments in financial markets (All times local):
4:00 p.m.
Stocks are ending higher, recouping much of the market’s loss from a day earlier and breaking a 5-day losing streak for the Dow Jones industrial average.
Traders were keeping a close eye on the inauguration of Donald Trump as U.S. president and on corporate earnings.
Materials and phone companies led the gainers, while health care stocks fell.
Procter & Gamble rose after releasing a strong growth forecast, while General Electric fell after the conglomerate reported fourth-quarter revenue that fell short of analysts’ estimates.
The Standard & Poor’s 500 index rose 7 points, or 0.3 per cent, to 2,271.
The Dow climbed 94 points, or 0.5 per cent, to 19,827. The Nasdaq composite gained 15 points, or 0.3 per cent, to 5,555.
The yield on the 10-year Treasury held steady at 2.47 per cent.
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