Markets Right Now: Tech stocks lead gains; Boeing hits Dow

The Boeing logo appears above a trading post on the floor of the New York Stock Exchange before the opening bell, Monday, March 11, 2019. Boeing shares were predicted to fall at the open on Wall Street after the crash Sunday of a 737 Max 8 plane in Ethiopia that killed all 157 people aboard. (AP Photo/Richard Drew)

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

11:55 a.m.

Technology stocks are powering broad gains on Wall Street, although a drop in Boeing is weighing on the Dow Jones Industrial Average.

Apple is up 3.2 percent after an analyst upgraded the stock, while Nvidia is gaining 4.7 percent after announcing an acquisition.

Boeing fell 6.8 percent after a second deadly crash involving one of its new 737 Max planes.

The Boeing loss restrained gains in the Dow, which rose 79 points, or 0.3 percent, to 25,529. The S&P 500 rose 31 points, or 1.1 percent, to 2,774, while the Nasdaq jumped 116 points, or 1.6 percent, to 7.525.

The upbeat start Monday follows the worst week since January for the S&P 500. Stocks were helped by a U.S. government report showing retail sales rose slightly in January.

___

9:40 a.m.

Stocks are opening broadly higher on Wall Street, although a sharp drop in Boeing is pushing the Dow Jones Industrial Average lower.

Boeing fell 12 percent after the second deadly crash in six months involving one of its new 737 Max planes.

Otherwise, stocks were off to upbeat start Monday following the worst week since January for the S&P 500. Stocks were helped by a U.S. government report showing retail sales rose slightly in January.

Technology and bank stocks led the market gainers. Facebook rose 2.3 percent and Morgan Stanley rose 1.3 percent.

The S&P 500 rose 13.4 points, or 0.5 percent, to 2,756.

The Dow lost 164 points, or 0.7 percent, to 25,2872. The Nasdaq rose 55 points, or 0.7 percent, to 7,463.

You may also interested in

Delphi, Mobileye join forces on autonomous car platform

Aug 23, 2016

Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develoDelphi and Mobileye plan to build a complete autonomous driving platformp the building blocks for a fully autonomous car in about two years

Tesla lays claim to world's fastest production car

Aug 23, 2016

Tesla Motors says new version of the Model S electric car is now the quickest production car in the world from zero to 60 miles per hour

Ford recalls over 88K vehicles due to stalling problem

Aug 24, 2016

Ford is recalling more than 88,000 cars and SUVs because the engines can stall without warning due to a fuel pump problem

People also read these

Officials: Zika won't hurt South Florida tourism in long run

Aug 20, 2016

The discovery of Zika-carrying mosquitoes in South Florida certainly isn't ideal for tourism, but local officials and business leaders are confident the long-term impact on the tourism industry will be minor

Several tornadoes likely hit Indiana, Ohio; no bad injuries

Aug 25, 2016

Authorities say a wave of severe storms likely produced several tornadoes in Indiana and Ohio, damaging homes and businesses but causing no serious injuries

USDA to reopen offices closed after email threats

Aug 31, 2016

The Agriculture Department will reopen some offices that were closed Tuesday after an unspecified email threat

Emporium Post fulfils the need to know all things about consumers and how businesses can take this opportunity to reach their own customers.

Contact us: sales@emporiumpost.com

Join our mailing list now!