NEW YORK (AP) — The latest on developments in financial markets (all times local):4 p.m.Stocks are closing broadly higher as the market builds on its gains from a day earlier.Technology and consumer-focused companies posted some of the biggest gains Tuesday.Microsoft rose 2 percent and Netflix soared 9.2 percent after reporting huge subscriber gains. Amazon rose 4.3 percent.Tesla fell 1 percent following reports that it was shutting down production of its Model 3 car temporarily to resolve some manufacturing problems.The S&P 500 index rose 28 points, or 1.1 percent, to 2,706.The Dow Jones industrial average gained 213 points, or 0.9 percent, to 24,786. The Nasdaq composite climbed 124 points, or 1.7 percent, to 7,281.Bond prices rose. The yield on the 10-year Treasury note fell to 2.82 percent.———11:45 a.m.U.S. stocks moved sharply higher in midday trading, adding to the market's gains from a day earlier.Consumer-focused stocks were among the biggest gainers … [Read more...] about Markets Right Now: Stocks close higher, extending gains
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Stock market climbs on robust earnings
By Ken Martin , Leia Klingel , Matthew Rocco Published April 17, 2018 Stocks FOXBusiness Facebook Twitter Comments Print video This is a blowout year for earnings: Brian Wesbury First Trust Advisors Chief Economist Brian Wesbury on the outlook for stocks. Stocks climbed higher Tuesday, notching a second consecutive session of gains as companies continued to report robust earnings. Continue Reading Below The Dow Jones Industrial Average rose 213.59 points, or 0.87%, to 24,786.63. The S&P 500 added 28.55 points, or 1.07%, to 2,706.39. The Nasdaq Composite jumped 124.81 points, or 1.74%, to 7,281.10. With Tuesday’s rally, the Dow returned to positive territory for the year, joining the S&P 500 and Nasdaq. The Dow booked its highest close since March 16, with UnitedHealth (UNH), Boeing (BA) and IBM (IBM) accounting for more than half of the blue-chip index’s gains. Before the opening bell, Goldman Sachs (GS) … [Read more...] about Stock market climbs on robust earnings
Houston restaurants, fish markets cited for illegally purchasing game fish
By Greg Morago Updated 2:50 pm, Tuesday, April 17, 2018 Photo: Elizabeth Conley, Houston Chronicle Image 1of/1 CaptionClose Image 1 of 1 Texas Parks and Wildlife Department's law enforcement division found that 19 Houston restaurants and fish markets were willing to bypass legitimate commercial fish dealers and purchase saltwater fish, such as red snapper, on the black market. less Texas Parks and Wildlife Department's law enforcement division found that 19 Houston restaurants and fish markets were willing to bypass legitimate commercial fish dealers and purchase saltwater fish, such as ... more Photo: Elizabeth Conley, Houston Chronicle Houston restaurants, fish markets cited for illegally purchasing game fish 1 / 1 Back to Gallery Nineteen Houston-area restaurants and fish markets have racked up more … [Read more...] about Houston restaurants, fish markets cited for illegally purchasing game fish
Former Obama economist Austan Goolsbee joins Quest on ‘Markets Now’
Former President Barack Obama's chief economic adviser Austan Goolsbee will join Richard Quest on CNNMoney's "Markets Now" on Wednesday. Now a professor of economics at the University of Chicago's Booth School of Business, Goolsbee was the youngest member of the Obama cabinet. He also serves on the Economic Advisory Panel to the Federal Reserve Bank of New York. Goolsbee and Quest will discuss timely topics, including tariffs, the possibility of a trade war, President Donald Trump's impact on the market and the performance of new Director of the National Economic Council Larry Kudlow. Quest will also speak with others about the market rebound and recent corporate earnings reports. Related: Watch 'Markets Now' here every Wednesday at 12:45 p.m. ET "Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Quest, CNNMoney's editor-at-large, and Maggie Lake, CNNMoney anchor, the 15-minute-long show offers expert commentary on markets … [Read more...] about Former Obama economist Austan Goolsbee joins Quest on ‘Markets Now’
Goldman’s faith in roaring markets met with skepticism on Wall Street
(Reuters) - Goldman Sachs Group Inc (GS.N) is so confident in its recent business boom that it will pause share buybacks in the second quarter and instead use capital to facilitate trades, loans and deals for customers, its finance chief said on Tuesday. “Clients’ demand for our balance sheet continues to be strong,” Chief Financial Officer R. Martin Chavez said on a call with analysts to discuss Goldman’s first-quarter results, which blew past Wall Street expectations. Goldman reported gains in all four of its major business units, especially trading, as a surge in volatility led customers to transact more in capital markets. Net income rose 27 percent to $2.7 billion, or $6.95 per share, easily topping the average analyst estimate of $5.58 per share, according to Thomson Reuters I/B/E/S. Its return-on-equity, a closely watched measure of how much profit a bank can generate from shareholder money, was 15.4 percent, the highest in more than five years. … [Read more...] about Goldman’s faith in roaring markets met with skepticism on Wall Street