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VOL. 41 | NO. 7 | Friday, February 17, 2017
Markets Right Now: Stocks open higher on Wall Street
NEW YORK (AP) — The latest on developments in financial markets
at 9:35 a.m. (Eastern)
Stocks are posting moderate gains in early trading on Wall Street, led by gains in energy stocks which recouped some of their losses from a day earlier.
Oil rig operator Transocean jumped 4 percent, one of the biggest gains in the Standard & Poor's 500 index.
Payments processor Square soared 16 percent after reporting higher revenue that analysts were expecting and issuing a strong forecast.
The S&P 500 rose 3 points, or 0.2 percent, to 2,366.
The Dow Jones industrial average, which tracks 30 big U.S. companies, climbed 31 points, or 0.2 percent, to 20,807. The Nasdaq composite was down a fraction at 5,860.
The Dow and S&P 500 were at record highs.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.39 percent.