Markets Right Now: Industrial, tech stocks lead early gains

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

9:35 a.m.

Industrial and technology companies are leading stocks slightly higher on Wall Street, narrowing the market’s losses for the week.

Microsoft rose 2.1% in early trading Friday after reporting blowout earnings driven by gains in its cloud computing business.

USA Today publisher Gannett soared 21% after The Wall Street Journal reported that it was nearing a deal to combine with fellow newspaper publisher GateHouse Media.

Markets have been drifting for much this week after setting a record high on Monday.

The S&P 500 index rose 9 points, or 0.3%, to 3,004.

The Dow Jones Industrial Average rose 104 points, or 0.4%, to 27,323. The Nasdaq climbed 31 points, or 0.4%, to 8,239.

Bond prices fell. The yield on the 10-year Treasury rose to 2.05%.

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