Markets Right Now: S&P 500 index breaks 4-day losing streak

MarketsAssociated Press

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

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4 p.m.

The S&P 500 index broke a four-day losing streak with small gains as industrial companies and retailers rose.

Technology companies were also higher Monday following steep losses last week.

CBS slipped 1.5 percent after it announced the departure of longtime CEO Les Moonves following more accusations of sexual misconduct.

Alibaba skidded 3.7 percent after the huge Chinese e-commerce company said co-founder Jack Ma will step down as chairman in 2019.

The S&P 500 rose 5 points, or 0.2 percent, to 2,877.

The Dow Jones Industrial Average slipped 59 points, or 0.2 percent, to 25,857. The Nasdaq composite added 21 points, or 0.3 percent, to 7,924.

Bond prices didn't move much. The yield on the 10-year Treasury note held steady at 2.94 percent.

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11:45 a.m.

Stocks are slightly higher in midday trading on Wall Street, putting the market on track to break a four-day losing streak.

Consumer goods makers were among the biggest winners Monday. Procter & Gamble climbed 1.1 percent and Walmart climbed 1 percent.

CBS fell 3.5 percent after its CEO Les Moonves stepped down following more allegations of sexual misconduct.

Chinese internet giant Alibaba sank 3.1 percent after the company said founder Jack Ma would leave his post as chairman next year.

The S&P 500 rose 8 points, or 0.3 percent, to 2,880.

The Dow Jones Industrial Average was little changed at 25,914, and the Nasdaq added 17 points, or 0.3 percent, to 7,920.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.93 percent.

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9:35 a.m.

Stocks are opening higher on Wall Street as the market comes off four straight days of losses.

Retailers and consumer goods makers were among the biggest winners in early trading Monday. Home Depot rose 1.5 percent and Procter & Gamble climbed 1 percent.

CBS fell 2.4 percent after its CEO Les Moonves stepped down following more allegations of sexual misconduct.

Chinese internet giant Alibaba sank 2 percent after the company said founder Jack Ma would leave his post as chairman next year.

The S&P 500 rose 11 points, or 0.4 percent, to 2,882.

The Dow Jones Industrial Average rose 84 points, or 0.3 percent, at 26,001, and the Nasdaq added 13 points, or 0.2 percent, to 7,915.

The yield on the 10-year Treasury note held steady at 2.94 percent.