Markets Right Now: Industrial companies lead stock gains
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stock indexes are opening mostly higher on Wall Street, recouping some of their modest losses from a day earlier.
Gains in industrial, health care, and technology companies are outweighing losses in banks and elsewhere in the market early Thursday.
United Rentals surged 7.2% and Humana rose 2.2%. Chipmaker Advanced micro devices gained 0.4%.
The Commerce Department said U.S. retail sales surged in March at the fastest pace since late 2017, driven by increased spending on autos, gasoline, furniture and clothing.
The S&P 500 index rose 3 points, or 0.1%, to 2,904.
The Dow Jones Industrial Average added 86 points, or 0.3%, to 26,536. The Nasdaq fell 2 points, or less than 0.1%, to 7,993.
Bond prices rose. The yield on the 10 year Treasury note fell to 2.56%.