Markets Right Now: Stocks move higher on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are moving higher on Wall Street in midday trading as technology companies bounce back following big losses the day before.
Chipmakers were doing especially well Tuesday after taking a beating on Monday. Nvidia was up 6 percent and Intel rose 2.6 percent.
Amazon was up 1 percent. The booming online retailer said it would split its much-anticipated second headquarters operations between New York and northern Virginia.
The S&P 500 index rose 17 points, or 0.6 percent, to 2,743.
The Dow Jones Industrial Average climbed 77 points, or 0.3 percent, to 25,462. The Nasdaq composite added 87 points, or 1.2 percent, to 7,288.
The price of oil fell again, extending its losing streak to 12 days.
Bond prices rose. The yield on the 10-year Treasury note fell to 3.16 percent.
Stocks are opening higher on Wall Street following a plunge led by technology stocks the day before.
Technology stocks were among the biggest gainers in early trading Tuesday. Microsoft climbed 1.3 percent.
Advance Auto Parts climbed 7.7 percent after reporting strong results and raising its forecast.
The S&P 500 index rose 14 points, or 0.5 percent, to 2,740.
The Dow Jones Industrial Average climbed 55 points, or 0.2 percent, to 25,445. The Nasdaq composite added 67 points, or 1 percent, to 7,271.
Bond prices rose. The yield on the 10-year Treasury note fell to 3.17 percent.