Markets Right Now: Stocks opening higher on Wall Street

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

9:35 a.m.

Stocks are opening strongly higher on Wall Street Wednesday, with real estate, raw materials and energy stocks leading a broad rebound from Monday’s steep losses.

Twitter jumped 4.6 per cent and Mastercard gained 3.9 per cent in early trading, the biggest gainers as traders returned from the Christmas holiday.

Retail stocks also enjoyed large gains: Macy’s is up 3.6 per cent, Kohl’s up 3.1 per cent and Walmart up 2.4 per cent.

The Dow Jones Industrial average gained 223 points or 1 per cent to 22,013. The S&P 500 is up 33 points or 1.4 per cent at 2,384. The Nasdaq Composite is up 116 points or 1.9 per cent at 6,311.

Bond prices fell. The yield on the 10-year Treasury rose to 2.76 per cent.

The Associated Press

Top Stories

Top Stories

Most Watched Today