Markets Right Now: US stocks open higher
NEW YORK — The latest on developments in global financial markets (all times local): 9:35 a.m.
Stocks are opening higher on Wall Street, with the biggest gains going to energy and materials companies.
Mining company Freeport-McMoRan rose 3 percent, the biggest gain in the Standard & Poor’s 500 index. Chesapeake Energy rose 2 percent.
Mattress maker Tempur Sealy plunged 22 percent after forecasting weak revenue for the year.
The Dow Jones industrial average rose 42 points, or 0.2 percent, to 18,271.
The Standard & Poor’s 500 index climbed 3 points, or 0.2 percent, to 2,163. The Nasdaq composite gained 5 points, or 0.1 percent, to 5,310.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.56 percent. TVJ
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