NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks managed to post modest gains on Wall Street after charging ahead in a solid rally last week.
Banks and retailers did better than the rest of the market Monday. Wells Fargo climbed 2.1 percent and Amazon added 1.7 percent.
Energy companies were also broadly higher after the price of crude oil closed above $59 a barrel for the first time since November. Marathon Petroleum rose 2.7 percent.
Communications companies fell. Facebook gave up 3.3 percent.
The S&P 500 index rose 10 points, or 0.4 percent, to 2,832.
The Dow Jones Industrial Average rose 65 points, or 0.3 percent, to 25,914. The Nasdaq climbed 25 points, or 0.3 percent, to 7,714.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.61 percent.
___
11:45 a.m.
Stocks are drifting mostly higher on Wall Street, although a decline in Boeing is pushing the Dow Jones Industrial Average to a small loss.
Boeing slumped 2.4 percent in midday trading Monday following reports that regulators are looking into safety issues surrounding the company's 737 Max, which was in involved in two deadly crashes recently.
Fidelity National Information Services fell 1.8 percent after announcing that it would buy Worldpay, another online payments processor, for about $35 billion. Worldpay jumped 8.8 percent.
The S&P 500 index rose 1 point, or 0.1 percent, to 2,824.
The Dow slipped 45 points, or 0.2 percent, to 25,805. The Nasdaq gained 4 points, or 0.1 percent, to 7,693.
The yield on the 10-year Treasury note held steady at 2.59 percent.
___
9:35 a.m.
Stocks are opening mostly higher on Wall Street, although a decline in Boeing is pushing the Dow Jones Industrial Average to a small loss.
Boeing slumped 2.2 percent in early trading Monday following reports that regulators are looking into safety issues surrounding the company's 737 Max, which was in involved in two deadly crashes recently.
Fidelity National Information Services rose 1.8 percent after announcing that it would buy Worldpay, another online payments processor, for about $35 billion. Worldpay jumped 12 percent.
The S&P 500 index rose 4 points, or 0.1 percent, to 2,826.
The Dow slipped 32 points, or 0.1 percent, to 25,819. The Nasdaq gained 12 points, or 0.2 percent, to 7,701.
Before you consider Wells Fargo & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wells Fargo & Company wasn't on the list.
While Wells Fargo & Company currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
