Markets Right Now: US stocks climb following a 2-day rout

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

4 p.m.

U.S. stocks finished mostly higher, a break after two days of steep losses.

Technology and internet companies and retailers were responsible for most of the gains Wednesday.

Amazon and Microsoft each rose 1.4 per cent.

Foot Locker soared 14.9 per cent after turning in solid quarterly results. Software maker Autodesk climbed 9.7 per cent.

Crude oil prices climbed 2.2 per cent a day after sinking to their lowest level in a year.

Safe-play stocks like utilities lagged the market.

The S&P 500 index rose 8 points, or 0.3 per cent, to 2,649.

The Dow Jones Industrial Average slipped less than 1 point to 24,464. The Nasdaq composite rose 63 points, or 0.9 per cent, to 6,972.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.06 per cent.

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11:45 a.m.

Stocks are clawing higher on Wall Street following two days of steep losses that wiped out the market’s gains for the year.

Major technology companies including Apple and Microsoft rose Wednesday, and crude oil prices climbed 3.8 per cent a day after sinking to their lowest level in a year.

Foot Locker soared 15.2 per cent after turning in solid quarterly results. Software maker Autodesk climbed 8.7 per cent.

Safe-play stocks like utilities lagged the market.

The S&P 500 index rose 25 points, or 1 per cent, to 2,667.

The Dow Jones Industrial Average rose 136 points, or 0.6 per cent, to 24,604. The Nasdaq composite rose 105 points, or 1.5 per cent, to 7,015.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.08 per cent.

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9:35 a.m.

Stocks are opening higher on Wall Street as big technology companies like Apple claw back some of the ground they lost in a rout over the past two days.

Apple rose 1.5 per cent in early trading Wednesday and Amazon recovered 3 per cent. Both are still down sharply from the highs they reached earlier in the fall.

Foot Locker soared 16.6 per cent after turning in solid quarterly results.

Safe-play stocks like utilities lagged the market.

The S&P 500 index rose 15 points, or 0.6 per cent, to 2,657.

The Dow Jones Industrial Average rose 119 points, or 0.5 per cent, to 24,585. The Nasdaq composite rose 80 points, or 1.1 per cent, to 6,988.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.07 per cent.