Markets Right Now: Banks, tech lead gains for us stocks

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

4 p.m.

Banks and other financial companies led stocks modestly higher, extending the market’s gains from last week.

Industrials stocks also rose Monday, while retailers and other consumer-focused companies lagged the most.

JPMorgan Chase rose 1.4 per cent, while chipmaker Nvidia jumped 4.1 per cent.

Aerospace manufacturer Orbital ATK soared 20 per cent after agreeing to be acquired by Northrop Grumman.

The Dow Jones industrial average rose 63 points, or 0.3 per cent, to 22,331. The Standard & Poor’s 500 index climbed 3 points, or 0.1 per cent, to 2,503. Both indexes closed at record highs.

The Nasdaq composite increased 6 points, or 0.1 per cent, to 6,454.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.23 per cent.

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11:45 a.m.

Banks are leading U.S. stocks modestly higher in midday trading, extending the market’s gains from last week.

Technology companies also were among the biggest gainers Monday, while utilities and real estate stocks lagged. Oil prices headed lower.

JPMorgan Chase rose 1.2 per cent, while chipmaker Nvidia jumped 4.8 per cent and

Aerospace manufacturer Orbital ATK soared 20 per cent after agreeing to be acquired by Northrop Grumman.

The Dow Jones industrial average rose 79 points, or 0.4 per cent, to 22,347. The Standard & Poor’s 500 index climbed 6 points, or 0.3 per cent, to 2,506. Both indexes closed at record highs on Friday.

The Nasdaq composite increased 26 points, or 0.4 per cent, to 6,475.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.23 per cent.

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9:35 a.m.

Stocks are edging higher on Wall Street in early trading as the market comes off its best week since the beginning of the year.

Technology companies and banks were among the biggest gainers early Monday. Chipmaker Nvidia jumped 3.8 per cent and JPMorgan Chase rose 0.7 per cent.

Aerospace manufacturer Orbital ATK soared 20 per cent after agreeing to be acquired by Northrop Grumman.

The Dow Jones industrial average rose 34 points, or 0.2 per cent, to 22,301. The Standard & Poor’s 500 index climbed 4 points, or 0.2 per cent, to 2,504. Both indexes closed at record highs on Friday.

The Nasdaq composite increased 17 points, or 0.3 per cent, to 6,466.