Markets Right Now: Stocks rise with earnings in focus
Monday, 21 October 2019 NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening higher on Wall Street Monday as investors get set for a busy week of earnings reports.
Financial services companies posted the biggest early gains as bond yields rose. Technology and consumer-focused companies also saw solid gains.
Halliburton rose 6.4%. The oilfield services company's third-quarter profit met analysts' expectations.
Boeing shares dropped 4.5% following a nearly 7% decline on Friday. The company is facing increased regulatory scrutiny over its handling of a flight-control system that is implicated in two deadly crashes of its 737 Max airplanes.
The S&P 500 gained 14 points, or 0.5%, to 3,001.
The Dow Jones Industrial Average rose 43 points, or 0.2%, to 26,813. The Nasdaq gained 58 points, or 0.7%, to 8,147.
Let's tackle earnings season. Kenny Polcari, SlateStone Wealth senior market strategist, was back on the floor of the NYSE Friday. Polcari weighed in on what he expects from stocks with a heavy focus on the consumer--such a McDonald's , which reports next week. "I think the consumer names are...