Markets Right Now: Stocks open higher on Wall Street

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

9:35 a.m.

Stocks are opening slightly higher on Wall Street, led by gains in health care companies.

Alexion Pharmaceuticals climbed 3 percent in early trading Wednesday, and IBM rose 2.3 percent.

Bond prices rose, sending yields lower. The yield on the 10-year Treasury note fell to 3.08 percent.

The Federal Reserve is expected to announce another increase in its benchmark short-term lending rate later in the day. It would be the third rate hike this year.

The S&P 500 index added 4 points, or 0.2 percent, to 2,919.

The Dow Jones Industrial Average rose 54 points, or 0.2 percent, to 26,550. The Nasdaq composite was little changed at 8,014.

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