Disney, Apple advance helps lift US stocks | Inquirer Business

Disney, Apple advance helps lift US stocks

/ 07:36 AM August 18, 2015

NEW YORK–Gains by Disney, Apple and some other large equities helped lift US stocks into positive territory Monday ahead of earnings from Wal-Mart Stores and Federal Reserve meeting minutes.

The Dow Jones Industrial Average rose 67.78 points (0.39 percent) to 17,545.18.

The broad-based S&P 500 advanced 10.90 (0.52 percent) to 2,102.44, while the tech-rich Nasdaq Composite Index jumped 43.46 (0.86 percent) to 5,091.70

Article continues after this advertisement

Disney rose 1.8 percent following a weekend presentation on plans to add to theme parks attractions from the wildly popular “Star Wars” movie franchise.

FEATURED STORIES

Dow members Apple and McDonald’s rose 1.0 percent and 1.4 percent, respectively.

Highlights this week include Wal-Mart earnings Tuesday and Wednesday’s release of Fed minutes, which could shed light on the US central bank’s timing for an interest rate increase, expected later this year.

Article continues after this advertisement

Petroleum-linked stocks were mixed as crude-oil prices fell.

Article continues after this advertisement

Dow member Chevron fell 2 percent and land driller Nabors Industries lost 2.1 percent. But ExxonMobil, another Dow member, rose 0.5 percent and offshore driller Transocean added 1.1 percent.

Article continues after this advertisement

Nasdaq stocks with especially large gains included Biogen (+1.1 percent), Netflix (+1.6 percent) and Priceline (+1.8 percent).

Tesla Motors, another prominent Nasdaq equity, jumped 4.9 percent as Morgan Stanley lifted its price target on the stock, citing the company’s work on a mobile application-based shared transport system.

Article continues after this advertisement

Comcast advanced 2.6 percent after its unit Universal Studios’s biopic “Straight Outta Compton” about rappers Ice Cube and Dr. Dre debuted at the top of the North American weekend box office tally, with $56.1 million in ticket sales.

Zulily, an online retailer of women’s and children’s clothing, surged 49.1 percent on news it would be acquired by Liberty Interactive’s QVC cable TV shopping group for $2.4 billion. Liberty dropped 1.5 percent.

Cosmetics giant Estee Lauder fell 6.8 percent after projecting earnings in the current quarter of 75-78 cents per share, below the 81 cents expected by analysts.

Pipeline company Williams rose 5.6 percent following a report that it received a bid from potential acquirer Spectra Energy. Spectra fell 0.5 percent.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Bond prices rose. The yield on the 10-year US Treasury fell to 2.17 percent from 2.20 percent, while the 30-year dipped to 2.82 percent from 2.84 percent. Bond prices and yields move inversely.

TAGS: bond prices, Finance, stocks, US, Wall Street

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.