Markets Right Now: Stocks head for first gain this week
NEW YORK — The latest on developments in financial markets (all times local):
11:45 a.m.
Technology companies and banks are leading stocks broadly higher in midday trading on Wall Street, putting the market on track for its first gain this week.
The gains Wednesday came as the latest round of talks on trade resumed between the U.S. and China. Bloomberg News reported that China was open to accepting a partial trade deal.
Johnson & Johnson fell 2% after a jury in Pennsylvania awarded $8 billion in damages against the company over its antipsychotic drug Risperdal.
The S&P 500 rose 23 points, or 0.8%, to 2,916.
The Dow Jones Industrial Average climbed 165 points, or 0.6%, to 26,329. The Nasdaq added 77 points, or 1%, to 7,901.
Bond prices fell. The yield on the 10-year Treasury rose to 1.57%.
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9:35 a.m.
Stocks are opening broadly higher on Wall Street, led by gains in technology and health care companies.
Chipmaker Intel rose 1.1% in the first few minutes of trading Wednesday and Thermo Fisher added 2%.
The gains came as the latest round of talks on trade resumed between the U.S. and China. Bloomberg News reported that China was open to accepting a partial trade deal.
Johnson & Johnson fell 1.4% after a jury in Pennsylvania awarded $8 billion in damages against the company over its antipsychotic drug Risperdal.
The S&P 500 rose 20 points, or 0.7%, to 2,913.
The Dow Jones Industrial Average climbed 170 points, or 0.6%, to 26,335. The Nasdaq added 59 points, or 0.8%, to 7,883.
Bond prices fell. The yield on the 10-year Treasury rose to 1.54%.
The Associated Press
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