Markets Right Now: Stocks open higher on Wall Street

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

9:35 a.m.

Stocks are opening broadly higher on Wall Street, putting the market on track for its second gain in a row, the first time that’s happened in more than a month.

Technology and internet stocks rose sharply early Wednesday. Facebook jumped 5.6 per cent after reporting earnings that came in far ahead of analysts’ estimates.

General Motors rose 5.9 per cent after reporting solid results.

Amazon, which has lost almost a quarter of its value over the last month, rose 3.3 per cent.

The S&P 500 index rose 25 points, or 1 per cent to 2,708.

The Dow Jones Industrial Average climbed 29 points, or 0.1 per cent, to 25,083. The Nasdaq composite rose 122 points, or 1.7 per cent, to 7,285.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.14 per cent.