Markets Right Now: Stocks shrug off bumpy start, end higher

Traders Benjamin Tuchman, left, and Glenn Kessler work on the floor of the New York Stock Exchange, Friday, June 8, 2018. Stock indexes are opening modestly lower on Wall Street as technology companies and retailers fall. (AP Photo/Richard Drew)

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

4 p.m.

Stocks shook off a bumpy start and ended modestly higher on Wall Street, led by gains in health care companies and makers of consumer goods.

Vertex Pharmaceuticals rose 3.3 percent Friday and Procter & Gamble rose 1.9 percent.

Energy companies fell along with the price of oil. Halliburton gave up 1.7 percent.

Investors tread carefully as the Group of Seven summit began.

Stitch Fix, an online clothing retailer, soared 26 percent after reporting earnings that easily beat forecasts.

The S&P 500 index rose 8 points, or 0.3 percent, to 2,779.

The Dow Jones industrial average climbed 75 points, or 0.3 percent, to 25,316. The Nasdaq composite edged up 10 points, or 0.1 percent, to 7,645.

Bond prices fell. The yield on the 10-year Treasury rose to 2.94 percent.

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11:45 a.m.

Stock indexes are drifting mostly lower in midday trading on Wall Street as technology companies continue to fall.

Apple gave up 1.5 percent Friday and Intel lost 1.8 percent. Tech stocks, which have far outperformed the rest of the market over the past year, had their biggest drop in six weeks a day earlier.

Stitch Fix, an online clothing retailer, jumped 13.5 percent after reporting earnings and revenue that came in well ahead of what analysts were expecting.

The S&P 500 index slipped 2 points, or 0.1 percent, to 2,767.

The Dow Jones industrial average was little changed at 25,233. The Nasdaq composite fell 17 points, or 0.2 percent, to 7,617.

Small-company stocks edged higher.

The yield on the 10-year Treasury held steady at 2.93 percent.

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9:35 a.m.

Stock indexes are opening modestly lower on Wall Street as technology companies and retailers fall.

Apple gave up 1.6 percent in the first few minutes of trading Friday and Amazon lost 0.8 percent.

Verizon fell 1 percent after naming a new CEO, and Stitch Fix, an online clothing retailer, jumped 6.6 percent after reporting earnings and revenue for its latest quarter that came in well ahead of what analysts were expecting.

The S&P 500 index fell 4 points, or 0.2 percent, to 2,765.

The Dow Jones industrial average lost 43 points, or 0.2 percent, to 25,198. The Nasdaq composite fell 29 points, or 0.4 percent, to 7,605.

The yield on the 10-year Treasury held steady at 2.93 percent.

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