Markets Right Now: Tech, health care lead stock gains

AP News
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Posted: Jan 17, 2018 12:00 PM

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

11:45 a.m.

Stocks are moving higher on Wall Street as the market makes up some of the ground it lost a day earlier.

Technology and health care companies were leading the gains in midday trading Wednesday. Microsoft rose 1.7 percent and UnitedHealth gained 1 percent.

Juno Therapeutics soared 47 percent after the Wall Street Journal reported that biotech drugmaker Celgene might buy it.

The Standard & Poor's 500 index rose 13 points, or 0.5 percent, to 2,790.

The Dow Jones industrial average rose 173 points, or 0.7 percent, to 25,966. The Nasdaq composite gained 33 points, or 0.5 percent, to 7,257.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.56 percent.

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9:35 a.m.

Stocks are opening higher on Wall Street as the market makes up some of the ground it lost a day earlier.

Technology and health care companies were leading the gains early Wednesday. Microsoft and UnitedHealth each rose 1 percent in the first few minutes of trading.

Juno Therapeutics soared 50 percent after the Wall Street Journal reported that biotech drugmaker Celgene might buy it.

The Standard & Poor's 500 index rose 6 points, or 0.2 percent, to 2,783.

The Dow Jones industrial average rose 120 points, or 0.5 percent, to 25,910. The Nasdaq composite gained 22 points, or 0.3 percent, to 7,245.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.56 percent.