Markets Right Now: Stocks open higher, led by tech, retail

FAN Editor

The latest on developments in financial markets (all times local):

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9:40 a.m.

Major U.S. stock indexes are rising in early trading led by gains in the technology and retail sectors.

The gains Wednesday came a day after the indexes fell more than 1 percent on worries about interest rates. Treasury yields are lower early Wednesday.

TJX Cos. jumped 7.4 after boosting its dividend and announcing a stock buyback.

Dick’s Sporting Goods rose 1 percent. The company is ending sales of assault rifles and banning the sale of guns to anyone under 21 years old.

But Lowe’s sank 9.2 percent after its profit fell short of expectations.

The Standard & Poor’s 500 index rose 8 points, or 0.3 percent, to 2,752.

The Dow Jones industrial average climbed 91 points, or 0.3 percent, to 25,501. The Nasdaq rose 27 points, or 0.3 percent to 7,357.

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