Markets Right Now: Stock indexes opening slightly higher

AP News
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Posted: Dec 19, 2016 9:40 AM

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

9:35 a.m.

Stocks are opening slightly higher on Wall Street, led by gains in real estate companies, which pay high dividends.

The yield on the 10-year Treasury note dipped, and the dollar held steady against other currencies after soaring the day before.

Homebuilder Lennar jumped over 2 percent after reporting strong quarterly results.

Allied World Assurance soared more than 13 percent after agreeing to be acquired by Fairfax Financial Holdings for $4.7 billion.

The Dow Jones industrial average gained 8 points, or 0.1 percent, to 19,847.

The Standard & Poor's 500 index was flat at 2,258. The Nasdaq composite was also nearly flat at 5,438.