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NEW YORK – The latest on developments in financial markets (All times local):
11:45 a.m.
Stocks are mostly higher in midday trading on Wall Street, putting the Standard & Poor’s 500 index on pace for its first winning week in the last three.
The gains were broad Friday, with every sector in the S&P 500 rising except for technology.
Design software company Autodesk jumped 6 per cent after its second-quarter results were better than analysts had expected.
Traders were keeping a close eye on speeches by central bankers at a conference in Wyoming.
The S&P 500 index rose 5 points, or 0.2 per cent, to 2,444.
The Dow Jones industrial average gained 44 points, or 0.2 per cent, to 21,827. The Nasdaq composite was little changed at 6,269.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.17 per cent.
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9:35 a.m.
Stocks are opening higher with technology companies, banks and industrial companies making some of the largest gains.
Design software company Autodesk jumped 6 per cent Friday after its second-quarter results were better than analysts had expected.
The Standard & Poor’s 500 index rose 8 points, or 0.3 per cent, to 2,447.
The Dow Jones industrial average gained 67 points, or 0.3 per cent, to 21,850. The Nasdaq composite climbed 21 points, or 0.3 per cent, to 6,271.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.19 per cent.
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