Stocks rise broadly; J&J leads gains for health care sector

Published October 19, 2021 9:38 AM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks are moving higher on Wall Street in afternoon trading Tuesday as corporate earnings reporting gets into full swing. The benchmark S&P 500 was up 0.7%, and the Dow Jones Industrial Average was up 0.4%. Health care companies were making some of the biggest gains. Johnson & Johnson climbed 2.1% after raising its 2021 profit forecast again. Insurance company Travelers rose 1.5% after releasing results that easily beat analysts’ forecasts. The first exchange-traded fund to track Bitcoin futures rose 4.6% on its first day of trading. The yield on the 10-year Treasury rose to 1.64%.

Article Topic Follows: AP National Business

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