Markets Right Now: Stocks end a bumpy day mostly higher

Business
James Denaro, Anthony Rinaldi

FILE – In this Aug. 13, 2019, file photo specialists James Denaro, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 15. (AP Photo/Richard Drew, File)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

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

4 p.m.

Stocks ended another roller-coaster day mostly higher on Wall Street, making up just a fraction of the ground they lost in a huge plunge the day before.

Walmart was a standout Thursday, putting up a 6.1% gain after turning in solid results and raising its outlook for the year.

Consumer products makers were also winners. Kellogg added 3.2% and Procter & Gamble rose 1.4%.

In another sign that investors remain jittery, however, prices for safe-play assets like government bonds and utilities also rose.

The S&P 500 rose 6 points, or 0.2%, to 2,847. The Dow Jones Industrial Average rose 99, or 0.4%, to 25,579. The Nasdaq slipped 7, or 0.1% to 7,766.

The yield on 10-year Treasury fell to 1.50% from 1.58% a day earlier, another big drop.

___

12:00 p.m.

Stocks are up slightly on Wall Street at midday as the market steadies after a day of big losses.

The Dow Jones Industrial Average rose 129 points Thursday, a day after dropping 800 points as investors grew more concerned about a slowdown in the global economy.

A report showing stronger-than-expected retail sales and a solid profit outlook from Walmart appear to have allayed some concerns about the strength of the U.S. economy.

Walmart rose 4.4%. Makers of consumer products also rose. Kellogg climbed 2.6% and Procter & Gamble added 1.7%.

The S&P 500 rose 14 points, or 0.5%, to 2,855. The Dow gained 0.5% to 25,602. The Nasdaq rose 0.3% to 7,794.

Bond prices rose again. The yield on 10-year Treasury slipped to 1.54% following a sharp decline Wednesday.

___

9:35 a.m.

Stocks are rising on Wall Street early Thursday on indications American consumers continue to spend and embrace online shopping.

The Dow Jones Industrial Average is up 67 points, a day after dropping 800 points as investors grew more concerned about a slowdown in the global economy. A report showing stronger-than-expected retail sales and a solid profit outlook from Walmart may allay some concerns about the strength of the U.S. economy.

Walmart rose 5.5%.

The S&P 500 rose 11 points, or 0.4%, to 2,851. The Dow gained 0.3%, to 25,543. The Nasdaq rose 0.2% to 7,788.

The yield on 10-year Treasury slipped slightly to 1.57% following a sharp decline Wednesday.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CBS47 On Your Side

Do you have a problem that you need help solving? Contact CBS47 and let us be On Your Side.

Phone: 559-761-0383
Email: OnYourSide@cbsfresno.com

Don’t Miss

Best of the Valley
Sunday Morning Matters
MedWatch Today
Hispanic Heritage
Bulldog Insider: The Podcast
The Valley's Armenia
Pros Who Know

Images from Armenia

Small patients in Armenia
Yerevan by night.
Dr. Jeff Thomas delivers.
Dr. Jeff Thomas delivers in Gyumri.
Doctors unpack medical supplies from The Central Valley.
Fresno Medical Mission at work.
Medical Supplies being unloaded.
Fresno Medical Mission at the ready.
KSEE24 crew witnesses the miracle of life in Gyumri, Armenia.
Life saving work of Central Valley surgeons in Armenia.
Ribbon cutting on new surgical center in Ashtarak Armenia. Fresno donors made this dream come true.
KSEE24 on assignment with the Fresno Medical Mission
Honorary Consulate to Armenia Berj Apkarian explains the crisis facing one hospital.
KSEE24's Stefani Booroojian and Kevin Mahan at the meeting with President Bako Sahakyan.
Medical Meeting in Artsakh.
The President of Artsakh meets with the Fresno Medical Mission.
Learning modern medicine techniques with the Fresno Medical Mission in surgery.
Leaning in for a look. Dr. Brien Tonkinson holds class and helps a patient in Armenia.
Fresno Medical Mission cares on one of the smallest patients in the region. Six-year old Yanna receives life-changing better breathing surgery.