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Markets Right Now: Stocks rise led by tech, energy

Markets Right Now: Stocks fall as market waits on Fed

ECONOMIC NEWS

Markets Right Now: Stocks rise led by tech, energy

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

11:50 a.m.

Stocks are extending gains on Wall Street Thursday, led by technology and energy shares.

Microsoft rose 2.1% after it approved a $40 billion stock buyback and raised its quarterly dividend.

U.S. oil gained 0.6% to $58.45 a barrel and is up 6.5% since an attack on a major Saudi Arabia oil facility. Halliburton rose 1.2%.

U.S. Steel dropped 11.8% after it warned investors that its third quarter loss will be wider than anticipated.

The Dow Jones Industrial Average rose 81 points, or 0.3%, to 27,227.

The S&P 500 gained 10 points, or 0.4%, to 3,017. The Nasdaq rose 37 points, or 0.5%, to 8,215.

Bonds rose. The yield on the 10-year Treasury dropped to 1.77% from 1.78%.

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9:40 a.m.

Stocks are opening with modest gains on Wall Street Thursday, led by technology and energy shares.

Microsoft rose 1.6% after it approved a $40 billion stock buyback and raised its quarterly dividend.

U.S. oil gained 1.2% to $58.76 a barrel and is up 7.1% since an attack on a major Saudi Arabia oil facility. Halliburton rose 2%.

U.S. Steel dropped 11.8% after it warned investors that its third quarter loss will be wider than anticipated.

The Dow Jones Industrial Average rose 79 points, or 0.3%, to 27,226.

The S&P 500 gained 8 points, or 0.3%, to 3,015. The Nasdaq rose 30 points, or 0.4%, to 8,208.

Bonds rose. The yield on the 10-year Treasury dropped to 1.76% from 1.78%.


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