DAMIAN J. TROISE
AP Business Writer
NEW YORK (AP) — Stocks moved broadly higher in midday trading on Wall Street Thursday after several large companies delivered surprisingly good results.
A breakthrough in negotiations over Britain's exit from the European Union also injected confidence into markets and prompted investors to move money into riskier holdings.
Netflix rose after handily beating Wall Street's third-quarter profit forecasts.
Solid earnings from conglomerate Honeywell and railroad CSX lifted industrial stocks.
Bank stocks made strong gains as bond yields rose. Morgan Stanley climbed 3.1% after reporting solid third-quarter profit and revenue.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.73% from 1.74% late Wednesday.
The technology sector was t