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Markets Right Now: Retailers, tech lead early stock gains
NEW YORK – The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are opening moderately higher on Wall Street, led by gains in retailers and technology companies.
Amazon rose 1.3 per cent in the first few minutes of trading, and Adobe Systems also rose 1.3 per cent.
Advance Auto Parts jumped 8.5 per cent after reporting better earnings than analysts were expecting. Extra Space Storage climbed 5 per cent after its results also came in ahead of forecasts.
The Standard & Poor’s 500 index rose 10 points, or 0.4 per cent, to 2,726.
The Dow Jones industrial average climbed 75 points, or 0.3 per cent, to 25,037. The Nasdaq composite increased 38 points, or 0.5 per cent, to 7,275.
Bond prices didn’t move much. The yield on the 10-year Treasury held steady at 2.89 per cent.
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