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

Self-driving cars go public; Uber offers rides in Pittsburgh

Aug 18, 2016

The option to hail a ride in a self-driving car will soon be available to Uber users in Pittsburgh

Zika researchers seeking volunteers willing to be infected

Aug 19, 2016

Researchers looking for volunteers willing to be infected with the Zika virus as part of effort to develop vaccines

McDonald's recalls millions of Happy Meals fitness bands

Aug 23, 2016

McDonald's recalling millions of fitness bands included in Happy Meals because they might cause skin irritation

People also read these

US stocks take small losses as energy companies slide

Aug 19, 2016

US stocks take small losses as the dollar regains a bit of strength and energy companies trade lower

McDonald's recalls millions of Happy Meals fitness bands

Aug 23, 2016

McDonald's recalling millions of fitness bands included in Happy Meals because they might cause skin irritation

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

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!