Markets Right Now: Stocks are opening higher on Wall Street
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Markets Right Now: Stocks are opening higher on Wall Street

FILE- In this Friday, Nov. 9, 2018, file photo trader Michael Urkonis. left, works with specialists John McNierney, center, and Douglas Johnson on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Nov. 21. (AP Photo/Richard Drew, File)

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

9:35 a.m.

Stocks are opening higher on Wall Street as big technology companies like Apple claw back some of the ground they lost in a rout over the past two days.

Apple rose 1.5 per cent in early trading Wednesday and Amazon recovered 3 per cent. Both are still down sharply from the highs they reached earlier in the fall.

Foot Locker soared 16.6 per cent after turning in solid quarterly results.

Safe-play stocks like utilities lagged the market.

The S&P 500 index rose 15 points, or 0.6 per cent, to 2,657.

The Dow Jones Industrial Average rose 119 points, or 0.5 per cent, to 24,585. The Nasdaq composite rose 80 points, or 1.1 per cent, to 6,988.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.07 per cent.

The Associated Press

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