Markets Right Now: Tech stocks lead US indexes higher
Posted Aug 13, 2019 07:44:41 AM.
NEW YORK — The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks shook off an early stumble and edged higher on Wall Street led by gains in technology and health care companies.
Apple rose 1.8% Tuesday and Merck climbed 1.1%.
U.S. indexes are still down about 3% for the month as investors are unsettled by trade tensions between the U.S. and China, protests in Hong Kong and political instability in Argentina.
The S&P 500 rose 12 points, or 0.4%, to 2,895.
The Dow Jones Industrial Average rose 92 points, or 0.3%, to 25,981. The Nasdaq rose 39 points, or 0.5%, to 7,905.
Bond prices fell. The yield on the 10-year Treasury rose to 1.65%.
The Associated Press