Markets Right Now: Stocks are opening higher on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening higher on Wall Street as the market builds on a solid gain from the day before, which came despite the latest ramp-up in trade tensions between the U.S. and China.
Banks and energy companies were leading the gains Wednesday, while safe-play stocks like utilities and real estate companies lagged the market.
JPMorgan Chase rose 1 percent, and Halliburton rose 1.9 percent.
AutoNation rose 2.5 percent after announcing that its CEO was stepping down.
The S&P 500 index rose 3 points, or 0.1 percent, to 2,907.
The Dow Jones Industrial Average rose 110 points, or 0.4 percent, to 26,351. The Nasdaq composite slipped 14 points, or 0.2 percent, to 7,943.