Markets Right Now: Stocks edge higher in midday trading

FILE- In this Jan. 11, 2019, file photo, Specialist John O'Hara, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 24. (AP Photo/Richard Drew, File)

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

11:45 a.m.

Stocks are mostly higher in midday trading on Wall Street as investors react to the latest earnings reports from corporate America.

Technology companies are climbing Thursday and American Airlines is rallying after it beat analysts' expectations.

Spice maker McCormick plunged 13 percent after reporting a weak quarter.

Cloud computing company Citrix Systems sank 7.2 percent after issuing a disappointing forecast.

The S&P 500 index rose 4 points, or 0.2 percent, to 2,643.

The Dow Jones Industrial Average was little changed at 24,592. The Nasdaq added 42 points, or 0.6 percent, to 7,067.

Bond prices rose. The yield on the 10-year Treasury fell to 2.71 percent.

___

9:35 a.m.

Stocks are off to a mixed start on Wall Street as gains for American Airlines and other carriers are offset by losses elsewhere.

American jumped 5.7 percent in early trading Thursday after reporting solid earnings in its latest quarter.

Student loan company Sallie Mae rose 8.8 percent after reporting good results of its own.

Elsewhere, cloud computing company Citrix Systems sank 4.5 percent after issuing a weak forecast.

The S&P 500 index slipped 4 points, or 0.2 percent, to 2,634.

The Dow Jones Industrial Average fell 83 points, or 0.3 percent, to 24,492. The Nasdaq composite edged up 21 points, or 0.3 percent, to 7,048.

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