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NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are rising broadly in midday trading on Wall Street as the market recovers some of its recent losses.
Technology companies and retailers rallied Monday. Microsoft added 2 percent and Amazon rose 3.9 percent.
General Motors jumped 6.1 percent after saying it would cut 14,700 jobs in North America and might close up to five plants.
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Benchmark U.S. crude oil rose 2.6 percent after it closed at its lowest price in more than a year Friday.
The S&P 500 index rose 29 points, or 1.1 percent, to 2,662.
The Dow Jones Industrial Average gained 282 points, or 1.2 percent, to 24,570. The Nasdaq composite climbed 97 points, or 1.4 percent, to 7,035.
Bond prices fell. The yield on the 10-year Treasury rose to 3.07 percent.
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Stocks in the U.S. and Europe are rising as global markets recover some of their recent losses.
Technology companies and retailers rallied Monday. Microsoft added 2 percent and Amazon rose 2.4 percent.
Oil prices and energy companies jumped. Benchmark U.S. crude rose 2.7 percent after it closed at its lowest price in more than a year Friday.
The S&P 500 index rose 24 points, or 0.9 percent, to 2,656.
The Dow Jones Industrial Average gained 231 points, or 1 percent, to 24,517. The Nasdaq composite climbed 74 points, or 1.1 percent, to 7,012.
In London the FTSE 100 index rose 0.7 percent, less than other major indexes, after leaders from Britain and the European Union agreed to a deal governing Britain’s departure from the EU.
Copyright © 2019 The Associated Press. All rights reserved. This website is not intended for users located within the European Economic Area.