Markets Right Now: US stock indexes end a bumpy week mixed
NEW YORK (AP) — The latest on developments in financial markets (all times local):
U.S. stocks gave up an early rally and struggled to another mixed finish as investors continued sell former favorites like retailers.
Homebuilders also fell sharply Friday after a realtors’ group reported that home sales fell for the sixth straight month in September. Beazer Homes gave up 4.1 percent.
Health care companies dropped. Drugmaker Abbvie gave up 2.1 percent.
Household goods makers rose. Procter & Gamble soared 8.8 percent, its biggest gain in a decade, after reporting strong earnings.
The S&P 500 slipped 1 point to 2,767. The index ended a bumpy week little changed.
The Dow Jones Industrial Average climbed 64 points, or 0.3 percent, to 25,444. The Nasdaq lost 36 points, or 0.5 percent, to 7,449.
Bond prices fell. The yield on the 10-year Treasury rose to 3.19 percent.
Strong earnings from big U.S. companies are sending stocks solidly higher at the end of a choppy week of trading.
Procter & Gamble led a broad rise in consumer products makers Friday after reporting higher earnings. The stock soared 7 percent, its biggest gain in 10 years.
American Express jumped 3.5 percent after reporting a solid quarter, and PayPal climbed 8.5 percent.
Technology and internet companies bounced back after some recent losses, but health care companies are lower.
The S&P 500 rose 17 points, or 0.6 percent, to 2,785.
The Dow Jones Industrial Average climbed 163 points, or 0.6 percent, to 25,542. The Nasdaq added 32 points, or 0.4 percent, to 7,516.
Bond prices fell. The yield on the 10-year Treasury note rose to 3.20 percent.
Strong earnings from a number of big U.S. companies helped send stocks higher in early trading on Wall Street.
Procter & Gamble led a broad rise in consumer products makers early Friday. P&G reported solid earnings in beauty and home care products.
Elsewhere, payments processor PayPal soared 9.1 percent after turning in strong results of its own.
The S&P 500 index rose 12 points, or 0.4 percent, to 2,781.
The Dow Jones Industrial Average climbed 106 points, or 0.4 percent, to 25,485. The Nasdaq composite added 55 points, or 0.7 percent, to 7,542.
Bond prices fell. The yield on the 10-year Treasury note rose to 3.19 percent.