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Markets Right Now: US stocks move higher at midday

NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):

11:45 a.m.

Stocks are heading higher in midday trading, led by gains in banks and industrial companies.

JPMorgan Chase climbed 2 per cent Thursday after the bank reported earnings that were better than analysts were expecting, thanks to a jump in trading revenue.

Shares of Japanese messaging app Line soared 26 per cent on their first day of trading.

The Dow Jones industrial average rose 143 points, or 0.8 per cent, to 18,515.

The Standard & Poor’s 500 index gained 12 points, or 0.6 per cent, to 2,164. The Nasdaq composite increased 28 points, or 0.6 per cent, to 5,033.

The Dow and S&P 500 remain at record highs, but the Nasdaq is barely positive for the year.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.52 per cent.

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9:35 a.m.

Stocks are heading solidly higher in early trading on Wall Street, led by gains in banks and industrial companies.

JPMorgan Chase climbed 2 per cent Thursday after the bank reported earnings that were better than analysts were expecting, thanks to a jump in trading revenue.

KFC owner Yum Brands climbed 4 per cent after its profit beat forecasts.

The Dow Jones industrial average rose 126 points, or 0.7 per cent, to 18,499.

The Standard & Poor’s 500 index gained 12 points, or 0.6 per cent, to 2,165. The Nasdaq composite increased 29 points, or 0.6 per cent, to 5,034.

The Dow and S&P 500 remain at record highs.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.55 per cent.