Markets Right Now: Industrials lead US stocks broadly higher

The latest on developments in financial markets (All times local):

4:00 p.m.

Industrial companies led U.S. stocks broadly higher, extending the market’s modest gains from the day before.

Investors were cheering solid earnings from several companies Friday. Banks and materials stocks were also up sharply. Energy companies also moved higher as the price of crude oil rose.

Deere & Co. jumped 7 percent after delivering a strong earnings report, and Chesapeake Energy climbed 4 percent.

Foot Locker plunged 17 percent after its profits fell short of analysts’ forecasts.

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