Markets Right Now: Banks lead stock gains on Wall Street

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

11:45 a.m.

Stocks are rising in midday trading on Wall Street following strong results from major banks including Goldman Sachs and Bank of America.

Technology and consumer-focused companies also traded higher Wednesday.

United Continental soared 6.1 percent after its latest quarterly results beat analysts’ estimates.

Britain’s FTSE 100 stock index slipped after Parliament rejected the Brexit deal negotiated by Prime Minister Theresa May and European leaders.

The S&P 500 rose 5 points, or 0.2 percent, to 2,615.

The Dow Jones Industrial Average added 114 points, or 0.5 percent, to 24,177. The Nasdaq rose 10 points, or 0.1 percent, to 7,033.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.73 percent.

___

9:35 a.m.

Stocks are opening broadly higher on Wall Street, led by big gains in several banks after they reported solid earnings.

Bank of America jumped 5 percent in early trading Wednesday after the bank reported a 39 percent surge in earnings. Goldman Sachs climbed 3.7 percent after reporting strong results of its own.

United Continental soared 7.3 percent after its latest quarterly results beat analysts’ estimates.

The S&P 500 rose 8 points, or 0.3 percent, to 2,618.

The Dow Jones Industrial Average added 105 points, or 0.4 percent, to 24,169. The Nasdaq rose 27 points, or 0.4 percent, to 7,051.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.74 percent.

Categories: National News