NEW YORK — The latest on developments in financial markets (All times local):
4:00 p.m.
Stocks are ending mostly higher on Wall Street as the market recovered following an afternoon stumble.
The Nasdaq composite index extended its winning streak to a sixth day Tuesday and closed at another all-time high.
Several health care companies posted gains. Illumina, which makes genetic testing equipment, soared 17 per cent after releasing a solid profit and sales forecast.
The drugmaker Valeant jumped 7 per cent after saying it will sell more than $2 billion in assets.
The Nasdaq composite increased 20 points, or 0.4 per cent, to 5,551.
The Standard & Poor’s 500 index ended unchanged at 2,268. The Dow Jones industrial average slipped 31 points, or 0.2 per cent, to 19,855.
More stocks rose than fell on the New York Stock Exchange.
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11:45 a.m.
Banks and industrial companies are leading stocks higher in midday trading as the market recoups some of its losses from the day before.
Real estate companies were the biggest laggard Tuesday.
Struggling drugmaker Valeant jumped 6 per cent after saying it will sell more than $2 billion in assets.
The Dow Jones industrial average rose 47 points, or 0.2 per cent, to 19,934.
The Standard & Poor’s 500 index gained 7 points, or 0.3 per cent, to 2,276. The Nasdaq composite increased 28 points, or 0.5 per cent, to 5,559.
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9:35 a.m.
The stock market is getting off to a mixed start as drops in real estate and utilities offset gains in other sectors including health care.
Struggling drugmaker Valeant jumped 9 per cent early Tuesday after saying it will sell more than $2 billion in assets.
Ascena Retail Group plunged 14 per cent after cutting its profit forecast because holiday season sales fell for most of its brands, including Ann Taylor, Lane Bryant and Dressbarn.
The Dow Jones industrial average fell 41 points, or 0.2 per cent, to 19,844.
The Standard & Poor’s 500 index was little changed at 2,267. The Nasdaq was also flat at to 5,531.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 per cent.
The Associated Press
