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Markets Right Now: Stocks turn mixed on Wall Street

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

11:45 a.m.

Stocks are mixed in midday trading as a week dominated by ups and downs in U.S.-China trade talks comes to a close.

President Donald Trump said Friday that a deal between the world’s largest economies is “potentially very close” after Chinese President Xi Jinping said Beijing is working to “try not to have a trade war.”

Banks and retailers were doing well, offsetting declines in technology companies. JPMorgan Chase rose 1%, while Intuit sank 4.8%.

The S&P 500 rose 2 points, or 0.1%, to 3,106. The index is on track for its first losing week in the past seven.

The Dow Jones Industrial Average rose 75 points, or 0.3%, to 27,842. The Nasdaq was little changed at 8,502.

Bond prices rose. The yield on the 10-year Treasury fell to 1.76%.

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9:35 a.m.

Technology companies and banks are leading stocks slightly higher on Wall Street in early trading, putting the market on track for its first gain since Monday.

Oracle rose 1.2% in the first few minutes of trading Friday and Wells Fargo added 0.9%.

The gains weren’t enough to erase a weekly loss for the S&P 500 index, which is on track to break a six-week winning streak.

The gains were broad. In a sign investors were feeling more optimistic, safe-play sectors like utilities were pulling up the rear.

The S&P 500 rose 4 points, or 0.1%, to 3,108.

The Dow Jones Industrial Average rose 44 points, or 0.1%, to 27,808. The Nasdaq added 15 points, or 0.2%, to 8,521.

Bond prices rose. The yield on the 10-year Treasury fell to 1.76%.

The Associated Press