NEW YORK — The latest on developments in financial markets (All times local):
11:45 a.m.
Stocks are moving slightly higher in quiet trading on Wall Street as traders return from the holiday weekend.
The Dow Jones industrial average edged closer to 20,000 points Tuesday.
Drugmaker Biogen rose 1.6 per cent after regulators approved the company’s drug to treat a rare genetic disorder called spinal muscular atrophy.
Chipmaker Nvidia jumped 6 per cent.
The Dow gained 21 points, or 0.1 per cent, to 19,955.
The Standard & Poor’s 500 index gained 6 points, or 0.3 per cent, to 2,270. The Nasdaq composite climbed 35 points, or 0.7 per cent, to 5,498.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.57 per cent.
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9:35 a.m.
Stocks are opening slightly higher in quiet trading on Wall Street as traders return from the Christmas holiday weekend.
Drugmaker Biogen rose 2 per cent early Tuesday after regulators approved the company’s drug to treat a rare genetic disorder called spinal muscular atrophy.
Materials makers were also rising in early trading. Copper mining company Freeport-McMoRan climbed 2 per cent.
The Standard & Poor’s 500 index gained 5 points, or 0.2 per cent, to 2,269. The Nasdaq composite climbed 16 points, or 0.3 per cent, to 5,479.
The Dow Jones industrial average rose 32 points, or 0.3 per cent, to 19,964.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.57 per cent.
The Associated Press
