Markets Right Now: Stocks up early, day after big drop

Business
James Denaro, Anthony Rinaldi

FILE – In this Aug. 13, 2019, file photo specialists James Denaro, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug. 15. (AP Photo/Richard Drew, File)

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

9:35 a.m.

Stocks are rising on Wall Street early Thursday on indications American consumers continue to spend and embrace online shopping.

The Dow Jones Industrial Average is up 67 points, a day after dropping 800 points as investors grew more concerned about a slowdown in the global economy. A report showing stronger-than-expected retail sales and a solid profit outlook from Walmart may allay some concerns about the strength of the U.S. economy.

Walmart rose 5.5%.

The S&P 500 rose 11 points, or 0.4%, to 2,851. The Dow gained 0.3%, to 25,543. The Nasdaq rose 0.2% to 7,788.

The yield on 10-year Treasury slipped slightly to 1.57% following a sharp decline Wednesday.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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