Markets Right Now: Tech, banks lead solid gains for stocks
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks are closing solidly higher as the market adds to its big gains from earlier in the week.
Technology companies and banks contributed the most to the gains Thursday. Microsoft added 1.9 percent and JPMorgan Chase rose 2.5 percent.
Delta Air Lines jumped 2.9 percent and BlackRock rose 1.5 percent after each reported strong results in the latest quarter.
Bed, Bath & Beyond plunged 20 percent after giving a weak forecast for its fiscal year.
The S&P 500 rose 21 points, or 0.8 percent, to 2,663.
The Dow Jones industrial average rose 293 points, or 1.2 percent, to 24,483. The Nasdaq composite climbed 71 points, or 1 percent, to 7,140.