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NEW YORK – Latest news on financial markets (all local):
11:45
Shares are slightly higher at midday on Wall Street, which places the market on the right track to break a string of four-day defeats.
Manufacturers of consumer goods were among the biggest winners on Monday. Procter & Gamble grew by 1.1% and Walmart by 1%.
CBS lost 3.5% after the resignation of its CEO, The Moonves, following further allegations of sexual misconduct.
Chinese Internet giant Alibaba lost 3.1 percent after founder Jack Ma stepped down as president next year.
The S & P 500 rose 8 points, or 0.3%, to 2,880.
The Dow Jones Industrial Average was little changed at 25,914, and the Nasdaq added 17 points, or 0.3%, to 7,920.
Bond prices have gone up. The 10-year Treasury bond yield fell to 2.93%.
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9:35
The shares open higher on Wall Street while the market results in four consecutive days of losses.
Retailers and manufacturers of consumer goods were among the biggest winners Monday early in the session. Home Depot was up 1.5% and Procter & Gamble up 1%.
CBS fell 2.4% after its CEO, The Moonves, resigned following further allegations of sexual misconduct.
Chinese Internet giant Alibaba lost 2 percent after founder Jack Ma stepped down as president next year.
The S & P 500 gained 11 points, or 0.4%, at 2,882.
The Dow Jones Industrial Average rose 84 points, or 0.3%, to 26,001, and the Nasdaq added 13 points, or 0.2%, to 7,915.
The 10-year Treasury bond yield remained at 2.94%.
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