Markets Right Now: Banks, tech lead stocks slightly higher

AP News
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Posted: Sep 19, 2017 12:00 PM

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

11:45 a.m.

Banks, insurers and other financial companies led U.S. stocks slightly higher in midday trading.

Technology stocks also helped lift the market Tuesday, while health care companies lagged the most.

JPMorgan chose rose 1 percent and Facebook climbed 1.1 percent.

Health insurers fell as a Republican effort to repeal President Barack Obama's health care bill appeared to gain momentum. UnitedHealth fell 1.9 percent.

The Dow Jones industrial average rose 35 points, or 0.2 percent, to 22,366. The Standard & Poor's 500 index climbed 2 points, or 0.1 percent, to 2,506. Both indexes closed at record highs on Monday.

The Nasdaq composite edged up 2 points, less than 0.1 percent, to 6,457.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.24 percent.

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9:35 a.m.

Stock indexes are edging higher on Wall Street in early trading, extending the market's gains from a day earlier.

Technology companies and health care stocks were among the biggest gainers early Tuesday.

Facebook climbed about 1 percent and Amgen rose 0.3 percent.

The Dow Jones industrial average rose 28 points, or 0.1 percent, to 22,358. The Standard & Poor's 500 index climbed 2 points, or 0.1 percent, to 2,506. Both indexes closed at record highs on Monday.

The Nasdaq composite increased 10 points, or 0.2 percent, to 6,464.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent.