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Post : Markets Right Now: Stocks rise, buoyed by Walmart, Cisco
URL : http://business.financialpost.com/pmn/pmn-business/markets-right-now-stocks-rise-buoyed-by-walmart-cisco
Posted : May 16, 2019 at 5:45 am
Author : The Associated Press
Tags : AP
Categories : PMN Business

NEW YORK -- The latest on developments in financial markets (all times local):

9:35 a.m.

Stocks are rising early on Wall Street, with investors buoyed by better than expected quarterly results from Walmart and Cisco Systems.

Walmart shares rose 3.2% Thursday while Cisco gained 4.1%. Both companies are included in the Dow Jones Industrial Average.

Chipmakers showed early weakness. Qualcomm dropped 3.6% while Qorvo slipped 6.1%. Applied Materials and Nvidia report earnings after the close.

The S&P 500 index added 15 points, or 0.6%, to 2,866.

The Dow rose 130 points, or 0.5%, to 25,781. The Nasdaq gained 40 points, or 0.5%, to 7,863.

Bond prices fell. The yield on the 10 year Treasury rose to 2.41%

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