Markets Right Now: Stocks move higher, led by technology

By The Canadian Press
January 5, 2018 - 10:00am

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

11:45 a.m.

Technology companies are climbing as U.S. stocks rise for the fourth day in a row to start 2018.

Cisco Systems rose 1.1 per cent in midday trading Friday, and Google's parent company Alphabet rose 1.4 per cent.

Stocks are continuing to push through record highs.

The Dow Jones industrials closed above 25,000 points for the first time Thursday and the Nasdaq breached 7,000 points earlier in the week.

The Dow increased 83 points, or 0.3 per cent, to 25,158.

The Standard & Poor's 500 index rose 9 points, or 0.4 per cent, to 2,733.

The Nasdaq composite climbed 49 points, or 0.6 per cent, to 7,122.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.47 per cent.

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9:35 a.m.

Stocks are opening slightly higher on Wall Street, carrying on momentum a day after the Dow Jones industrial average broke through 25,000 points.

Technology and industrial companies were leading the way higher early Friday. Railroad operator Union Pacific gained 2.1 per cent and Cisco Systems rose 1.4 per cent.

The Dow increased 49 points, or 0.2 per cent, to 25,122.

The Standard & Poor's 500 index rose 5 points, or 0.2 per cent, to 2,728.

The Nasdaq composite climbed 22 points, or 0.3 per cent, to 7,100.

The Associated Press

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