News

Markets Right Now: US stocks edge mostly higher

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

12 noon.

Stocks are edging mostly higher on Wall Street, led by high dividend payers including real estate companies and utilities.

Consumer companies also trading higher at midday Wednesday, and bond yields reached four-month high.

Oil and gas stocks fell along with prices for crude oil and natural gas. Chevron fell 1 per cent.

The Dow Jones industrial average was up 33 points, or 0.2 per cent, to 18,162.

The Standard & Poor’s 500 index rose 4 points, or 0.2 per cent, to 2,140. The Nasdaq composite was down a fraction at 5,246.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.79 per cent.

___

9:35 a.m.

Stocks are opening moderately lower on Wall Street, led by declines in energy and technology companies.

Oil and gas stocks fell along with prices for crude oil and natural gas early Wednesday. Chesapeake Energy sank 2 per cent.

Tech companies were also falling. Swedish mobile networks company Ericsson dropped 18 per cent after saying that its quarterly earnings will be much lower than forecasts.

The Dow Jones industrial average fell 32 points, or 0.2 per cent, to 18,096.

The Standard & Poor’s 500 index lost 2 points, or 0.1 per cent, to 2,134. The Nasdaq composite fell 13 points, or 0.2 per cent, to 5,234.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.79 per cent.