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published on November 21, 2017 - 1:30 PM
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(AP) — The latest on developments in financial markets (All times local):

4 p.m.
Major U.S. stock indexes are closing at more record highs on Wall Street.

The gains Tuesday were broad. Technology and health care companies rose more than the rest of the market, and several stocks were moving on earnings news.

Apple rose 1.9 percent and Facebook rose 1.8 percent.

Medical device maker Medtronic climbed 4.8 percent after reporting a strong quarter, and food maker Hormel rose 3.4 percent. Signet Jewelers plunged 30 percent after issuing a weak forecast.

The Standard & Poor’s 500 index rose 16 points, or 0.7 percent, to 2,599.

The Dow Jones industrial average climbed 160 points, or 0.7 percent, to 23,590. The Nasdaq composite gained added 71 points, or 1.1 percent, to 6,862.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.36 percent.

11:45 a.m.
Stocks are pushing higher in midday trading on Wall Street, putting major indexes on track for more record high closes.

The gains Tuesday were broad. Technology and health care companies rose more than the rest of the market, and several stocks were moving on earnings news.

Medical device maker Medtronic climbed 5 percent after reporting a strong quarter, and food maker Hormel also rose 5 percent. Signet Jewelers plunged 28 percent after issuing a weak forecast.

The Standard & Poor’s 500 index rose 16 points, or 0.7 percent, to 2,598.

The Dow Jones industrial average climbed 174 points, or 0.8 percent, to 23,605. The Nasdaq composite gained added 68 points, or 1 percent, to 6,859.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.36 percent.

9:35 a.m.
Stocks are opening broadly higher on Wall Street as several companies reported earnings that pleased investors.

Hormel Foods rose 5 percent early Tuesday after reporting better earnings and releasing a strong forecast.

Medtronic jumped 6 percent after reporting solid sales of heart devices and higher earnings and revenue than analysts were expecting.

The Standard & Poor’s 500 index rose 11 points, or 0.5 percent, to 2,593.

The Dow Jones industrial average rose 122 points, or 0.5 percent, to 23,552. The Nasdaq composite gained 37 points, or 0.6 percent, to 6,828.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.34 percent.


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