The latest on developments in financial markets (All times local):
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11:45 a.m.
Stocks are moving higher on Wall Street, led by gains in banks and health care companies.
Bank of America rose 1.3 percent in midday trading Tuesday, while Johnson & Johnson jumped 2.3 percent.
Banks were benefiting from higher bond yields, which allow banks to charge higher interest rates on mortgages and other kinds of loans.
Target rose 3.5 percent after reporting strong holiday sales. Lighting maker Acuity Brands plunged 13 percent after its earnings and sales fell short of forecasts.
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The Standard & Poor’s 500 index rose 8 points, or 0.3 percent, to 2,756.
The Dow Jones industrial average rose 117 points, or 0.5 percent, to 25,399. The Nasdaq rose 11 points, or 0.2 percent, to 7,169.
Bond prices fell. The yield on the 10-year Treasury rose to 2.54 percent.
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9:35 a.m.
Stocks are opening higher on Wall Street, led by gains in health care and financial companies.
Johnson & Johnson was up 1.7 percent in early trading Tuesday, and MetLife rose 1.3 percent.
Target rose 3 percent after reporting strong sales over the holiday season. Lighting maker Acuity Brands dropped 10 percent after its earnings and sales fell short of forecasts.
The Standard & Poor’s 500 index rose 5 points, or 0.2 percent, to 2,752.
The Dow Jones industrial average rose 63 points, or 0.2 percent, to 25,345. The Nasdaq composite rose 9 points, or 0.1 percent, to 7,167.
Bond prices fell. The yield on the 10-year Treasury rose to 2.51 percent.
