Markets Right Now: Tech Companies Lead Stock Indexes Higher
NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m.
Technology companies are helping drive U.S. stocks broadly higher as investors pore through the latest batch of company earnings and deal news.
Hewlett Packard Enterprise and HP led the gainers among technology stocks Friday.
Blue Buffalo Pet Products jumped 16 percent after General Mills agreed to buy the pet food maker.
Bond yields receded from the four-year highs they reached earlier this week.
The Standard & Poor's 500 index rose 25 points, or 0.9 percent, to 2,729.
The Dow Jones industrial average climbed 186 points, or 0.7 percent, to 25,150. The Nasdaq composite increased 66 points, or 0.9 percent, to 7,276.
Stocks are opening higher on Wall Street, led by gains in technology companies and banks.
Hewlett Packard Enterprises jumped 10 percent in early trading Friday and HP rose 7 percent after both companies reported earnings that were much better than analysts were expecting.
Among financial companies, Fifth Third rose 1 percent and BlackRock climbed 1.3 percent.
The Standard & Poor's 500 index rose 12 points, or 0.5 percent, to 2,717.
The Dow Jones industrial average climbed 136 points, or 0.6 percent, to 25,100. The Nasdaq composite increased 46 points, or 0.6 percent, to 7,256.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.88 percent.