Markets Right Now: Stocks open higher on Wall Street

AP News
Posted: Jan 25, 2018 9:40 AM

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

9:35 a.m.

Stocks are opening broadly higher as technology companies recover after sliding a day earlier.

Facebook rose 1.1 percent in early trading Thursday and chipmaker Intel added 1.6 percent.

Several companies were moving after reporting their latest quarterly results. Drugmaker Biogen rose 1.5 percent and Ford slumped 2.7 percent.

The dollar continued to weaken against other currencies.

The Standard & Poor's 500 index rose 9 points, or 0.3 percent, to 2,847.

The Dow Jones industrial average added 101 points, or 0.4 percent, to 26,357. The Nasdaq composite rose 41 points, or 0.6 percent, to 7,457.

Bond prices fell. The yield on the 10-year Treasury rose to 2.66 percent.