Markets Right Now: Tech leads stocks higher in midday trade

AP News
Posted: Dec 05, 2017 11:58 AM

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

11:45 a.m.

U.S. stock indexes ticked mostly higher at midday as some of the year's biggest winners picked themselves back up following recent stumbles.

Technology stocks recovered following a pullback over the past week.

That helped offset drops in telecom stocks and other parts of the market Tuesday.

Google parent Alphabet rose 2 percent and Microsoft gained 1.5 percent.

Banks were also higher. Wells Fargo jumped 3.3 percent.

The Standard & Poor's 500 index was up 7 points, or 0.3 percent, to 2,646.

The Dow Jones industrial average was little changed at 24,293. The Nasdaq composite rose 48 points, or 0.7 percent, to 6,824.

Bond prices fell. The yield on the 10-year Treasury rose to 2.38 percent.


9:35 a.m.

Stocks are edging mostly higher in early trading on Wall Street, led by gains in health care companies.

Medical device maker Boston Scientific rose 1.7 percent early Tuesday and drugmaker AbbVie rose 1.3 percent.

Auto parts retailer AutoZone jumped 6.8 percent after reporting a stronger quarter than anlaysts were expecting.

The Standard & Poor's 500 was little changed at 2,638.

The Dow Jones industrials rose 4 points, less than 0.1 percent, to 24,294. The Nasdaq composite rose 25 points, or 0.4 percent, to 6,800.

Bond prices fell. The yield on the 10-year Treasury rose to 2.38 percent.