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Markets Right Now: Stocks struggle higher on Wall Street

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

11:45 a.m.

Stocks are mostly higher at midday after wobbling for much of the morning, led by gains in health care and energy stocks.

Biogen soared 25% Tuesday after the drug company said it would seek federal approval for a medicine to treat early Alzheimer’s disease.

Technology and communications companies were falling. Facebook gave up 2.6%.

Financial companies were also lagging the rest of the market. Travelers sank 7% after the insurance company reported earnings that fell far short of analysts’ forecast.

The S&P 500 edged up 3 points, or 0.1%, to 3,009.

The Dow Jones Industrial Average rose 40 points, or 0.2%, to 26,869. The Nasdaq fell 15 points, or 0.2%, to 8,147.

The yield on the 10-year Treasury held steady at 1.79%.

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9:35 a.m.

Stocks are off to a mixed start on Wall Street as gains by health care companies are offset by losses elsewhere in the market.

Biogen soared 40% after the drug company said it would seek federal approval for a medicine to treat early Alzheimer’s disease.

Financial companies were lagging the rest of the market. Travelers sank 7% after the insurance company reported earnings that fell far short of analysts’ forecast.

Hasbro plunged 15% after the toymaker reported weak quarterly results.

The S&P 500 edged up 2 points, or 0.1%, to 3,009.

The Dow Jones Industrial Average fell 16 points, or 0.1%, to 26,812. The Nasdaq gained 20 points, or 0.3%, to 8,183.

Bond prices rose. The yield on the 10-year Treasury fell to 1.77%.

The Associated Press