Markets Right Now: After wobbling, stocks post another gain - 660 NEWS
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Markets Right Now: After wobbling, stocks post another gain

Last Updated Feb 13, 2018 at 2:40 pm MDT

FILE - This Oct. 4, 2014, file photo, shows the facade of the New York Stock Exchange. Health care companies are leading stocks broadly lower in early trading Tuesday, Feb. 13, 2018, on Wall Street as the market gives back some of its big gain from the day before. (AP Photo/Richard Drew, File)

NEW YORK, N.Y. – The latest on developments in financial markets (all times local):

4 p.m.

Stocks shook off an early wobble and ended modestly higher, giving the market its third gain in a row following a harrowing plunge over the previous two weeks.

Banks, retailers and technology companies were responsible for much of the gains Tuesday.

Wells Fargo climbed 2.7 per cent, Amazon gained 2 per cent and Apple increased 1 per cent.

Under Armour jumped 17 per cent after reporting a strong quarter.

Distributors of prescription drugs and medical suppliers fell. Cardinal Health lost 3.4 per cent.

The Standard & Poor’s 500 index rose 6 points, or 0.3 per cent, to 2,662.

The Dow Jones industrial average rose 39 points, or 0.2 per cent, to 24,640. The Nasdaq composite increased 31 points, or 0.5 per cent, to 7,013.

Bond prices rose. The yield on the 10-year Treasury fell to 2.82 per cent.

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11:45 a.m.

Stocks are slightly lower in midday trading on Wall Street, led by declines in health care companies.

Distributors of prescription drugs and medical suppliers took some of the biggest losses Tuesday.

The Wall Street Journal reported that Amazon was seeking to expand its medical supplies business and that Walgreens Boots Alliance wants to buy the rest of AmerisourceBergen.

Cardinal Health lost 4 per cent.

Retailers are rising following strong fourth-quarter results from Under Armour. Under Amour jumped 15 per cent.

The Standard & Poor’s 500 index fell 5 points, or 0.2 per cent, to 2,650.

The Dow Jones industrial average fell 93 points, or 0.4 per cent, to 24,504. The Nasdaq lost 4 points, or 0.1 per cent, to 6,977.

The yield on the 10-year Treasury fell to 2.82 per cent.

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9:35 a.m.

Health care companies are leading stocks broadly lower in early trading on Wall Street as the market gives back some of its big gain from the day before.

Drug distributor companies were especially hard hit in the early going Tuesday after The Wall Street Journal reported that Amazon was seeking to expand its medical supplies business and that Walgreens Boots Alliance wants to buy the rest of AmerisourceBergen.

Patterson Companies slumped 10 per cent, and Cardinal Health lost 4 per cent.

Athletic gear maker Under Armour rose 17 per cent after both companies reported strong results.

The Standard & Poor’s 500 index fell 9 points, or 0.4 per cent, to 2,645.

The Dow Jones industrial average fell 95 points, or 0.4 per cent, to 24,493. The Nasdaq lost 18 points, or 0.2 per cent, to 6,964.