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Markets Right Now: Stocks open higher on Wall Street

Stocks are edging higher in the early going on Wall Street as trading settles down following a wild ride the day before.

Reported by: AP [ Published on: December 07, 2018 20:30 IST ]
Image Source : AP Markets Right Now: Stocks open higher on Wall Street

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

9:35 a.m.

Stocks are edging higher in the early going on Wall Street as trading settles down following a wild ride the day before.

Energy companies were doing well early Friday as the price of crude oil shot up 4 percent. Chevron climbed 1.6 percent.

Banks were also higher. JPMorgan Chase rose 1 percent.

Tobacco company Altria, which makes Marlboro cigarettes, rose 1.3 percent after announcing a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company.

The Dow Jones Industrial Average rose 79 points, or 0.3 percent, to 25,034.

The S&P 500 index added 7 points, or 0.3 percent, to 2,703. The Nasdaq composite rose 6 points, or 0.1 percent, to 7,195.

Bond prices fell. The yield on the 10-year Treasury rose to 2.90 percent.

Disclaimer: This is unedited, unformatted feed from the Associated Press (AP) wire.

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