Markets Right Now: Asian shares rise pending US vote results

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

8:30 p.m.

Asian shares are mostly higher as investors await results from U.S. midterm elections.

Japan’s benchmark Nikkei 225 index added 0.7 percent to 22,285.25 in early trading Wednesday, while South Korea’s Kospi gained 0.8 percent. Australia’s S&P ASX 200 slipped 0.2 percent. Hong Kong’s Hang Seng was almost unchanged and shares in Singapore and Taiwan advanced.

Soon after polls closed on the U.S. east coast, U.S. futures also ticked higher with the contract for the Dow up 0.2 percent to 25,679.00 and the S&P 500 contract up 0.1 percent at 2,762.60.

The U.S. dollar rose to 113.56 yen from 113.36 and the euro slipped to $1.1412 from $1.1427.

Oil prices are lower, with U.S. benchmark crude down 34 cents to $61.87 and Brent crude giving up 24 cents to $71.89.

___

4 p.m.

U.S. stocks closed higher as industrial and technology companies recovered some of the big losses they took over the last month.

Strong company earnings also contributed to the gains Tuesday.

CVS Health jumped 5.7 percent and Booking Holdings, the parent company of Priceline.com, rose 4.2 percent.

Trading was relatively calm as investors waited for results from the midterm elections in the U.S.

Energy companies traded lower as the price of oil continue to fall, extending four weeks of losses.

The S&P 500 index rose 17 points, or 0.6 percent to 2,755.

The Dow Jones Industrial Average climbed 173 points, or 0.7 percent, to 25,635. The Nasdaq composite rose 47 points, or 0.6 percent, to 7,375.

Bond prices dipped, sending yields higher.

___

11:45 a.m.

U.S. stocks are rising in midday trading on Wall Street as technology stocks recover some of the big losses they took over the last month.

Companies including CVS Health are rising Tuesday after releasing strong third quarter reports. CVS added 4.3 percent and Booking Holdings, the parent company of Priceline.com, rose 4.6 percent.

Rental car company Avis Budget Group sank 5.1 percent after its earnings and sales fell short of forecasts.

The S&P 500 index rose 8 points, or 0.3 percent to 2,747.

The Dow Jones Industrial Average climbed 110 points, or 0.4 percent, to 25,571. The Nasdaq composite rose 29 points, or 0.4 percent, to 7,359.

Bond prices fell. The yield on the 10-year Treasury rose to 3.21 percent.

___

9:35 a.m.

Stocks are edging higher in early trading on Wall Street as technology companies rise and several companies gain after reporting higher earnings.

CVS Health rose 2 percent Tuesday after reporting results that beat analysts’ forecasts.

Booking Holdings, the parent company of Priceline.com, rose 6.7 percent.

Rental car company Avis Budget Group sank 9.4 percent after its earnings and sales fell short of forecasts.

The S&P 500 index rose 6 points, or 0.2 percent, to 2,745.

The Dow Jones Industrial Average climbed 53 points, or 0.2 percent, to 25,520. The Nasdaq composite rose 50 points, or 0.7 percent, to 7,377.

Bond prices fell. The yield on the 10-year Treasury rose to 3.20 percent.

Associated Press

Associated Press

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