Markets Right Now: Tech leads stocks higher on Wall Street

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

4 p.m.

Stocks are closing broadly higher on Wall Street as investors welcomed China’s move to exempt some U.S. products from a recent round of tariffs.

Technology, health care and communication services stocks powered much of the gains Wednesday for the S&P 500, which has been essentially flat for much of the week.

Investors also continued to favour smaller-company stocks.

Apple climbed 3.2% a day after announcing a new lineup of iPhones and a low-priced video streaming service to compete with Netflix.

The S&P 500 rose 21 points, or 0.7%, to 3,000.

The Dow Jones Industrial Average rose 227 points, or 0.8%, to 27,136. The Nasdaq climbed 85 points, or 1.1%, to 8,169.

Bond prices fell. The yield on the 10-year Treasury rose to 1.74%.

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11:45 a.m.

Stocks marched broadly higher as investors snapped up technology companies following China’s decision to exempt some U.S. products from a recent round of tariffs.

The tech sector, which has much to gain or lose in the trade war, moved broadly higher Wednesday.

Apple rose 2.6% a day after announcing a new lineup of iPhones and a low-priced video streaming service to compete with Netflix.

GameStop plunged 20% after reporting a loss that was much wider than analysts were expecting.

The S&P 500 rose 11 points, or 0.4%, to 2,991.

The Dow Jones Industrial Average rose 94 points, or 0.3%, to 27,002. The Nasdaq climbed 61 points, or 0.8%, to 8,145.

Bond prices fell. The yield on the 10-year Treasury rose to 1.74%.

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9:45 a.m.

Stocks are off to a mixed start on Wall Street as gains for technology and health care companies are offset by losses in other sectors.

Apple was up 1.3% early Wednesday, a day after announcing its new lineup of iPhones and a new video streaming service to compete with Netflix.

GameStop plunged 20% after reporting a loss that was much wider than analysts were expecting, and Dave & Buster’s Entertainment sank 9.1% after cutting its forecasts.

The S&P 500 was little changed at 2,980.

The Dow Jones Industrial Average edged up 29 points, or 0.1%, to 26,945. The Nasdaq was up 15 points, or 0.2%, to 8,096.

Bond prices fell. The yield on the 10-year Treasury rose to 1.74%.