Markets Right Now: US stocks extend gains into a 5th day

By The Associated Press Markets Associated Press

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

Continue Reading Below

4:00 p.m.

U.S. stocks are posting their fifth straight gain, setting another record high for the Standard & Poor's 500 index.

The slow but steady gains over the past several days were enough to erase most of the losses the market took in a sharp downturn last Wednesday.

Technology companies, the best-performing sector this year, continued to put up big gains. Facebook added 1.3 percent and Google parent Alphabet rose 0.7 percent.

TurboTax maker Intuit jumped 6.7 percent after beating analysts' forecasts for earnings, while Tiffany slumped 8.7 percent after its results fell short.

Continue Reading Below

The S&P 500 index increased 5 points, or 0.3 percent, to 2,404.

The Dow Jones industrial average rose 74 points, or 0.4 percent, to 21,012. The Nasdaq composite gained 24 points, or 0.4 percent, to 6,163.

___

11:45 a.m.

U.S. stocks are up for the fifth straight day as materials and real estate companies move higher.

Technology companies are making some of the largest gains Wednesday while retailers of home improvement products, jewelry and car parts are all falling.

Stocks continue to recover the steep losses they suffered a week ago.

Intuit jumped 6 percent after beating analysts' forecasts for earnings, while Tiffany slumped 8 percent after its results fell short.

The Standard & Poor's 500 index increased 2 points, or 0.1 percent, to 2,400.

The Dow Jones industrial average rose 30 points, or 0.2 percent, to 20,968. The Nasdaq composite gained 11 points, or 0.2 percent, to 6,150.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.29 percent.

___

9:35 a.m.

Stocks are opening mostly higher on Wall Street as investors look over a mixed bag of company earnings.

Tax preparation company Intuit jumped 6 percent after beating analysts' forecasts for earnings and raised its full-year profit estimate.

Jewelry seller Tiffany slumped 8 percent after its own results fell short of forecasts.

The market has risen for the previous four trading days.

The Standard & Poor's 500 index increased 1 point to 2,399.

The Dow Jones industrial average was little changed at 20,938. The Nasdaq composite rose 5 points, or 0.1 percent, to 6,143.