Markets Right Now: Stocks inch higher ahead of British vote
NEW YORK (AP) - The latest on developments in global financial markets (all times local):
4:00 a.m.
Stocks ended slightly higher after traders were relieved to hear Federal Reserve Chair Janet Yellen say the Fed would remain cautious in raising interest rates.
Trading remained subdued Tuesday ahead of Britain's referendum on its membership in the European Union later this week.
Energy and telecom companies made the biggest gains. Marathon Oil jumped 4 percent and Verizon and AT&T each rose about 1 percent.
The Dow Jones industrial average rose 24 points, or 0.1 percent, to 17,829. The Standard & Poor's 500 index added 5 points, or 0.3 percent, to 2,088. The Nasdaq composite climbed 6 points, or 0.1 percent, to 4,843.
Bond fell slightly. The yield on the 10-year U.S. Treasury note rose to 1.70 percent.
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11:55 a.m.
Stocks are mostly higher as investors trade cautiously before Britain's referendum on European Union membership later this week.
Telecom and technology stocks made the biggest gains Tuesday. Verizon and AT&T each rose 1 percent.
X-ray inspection systems maker American Science & Engineering surged 14 percent after OSI Systems agreed to buy it for about $264 million.
The Dow Jones industrial average rose 23 points, or 0.1 percent, to 17,827. The Standard & Poor's 500 index added 4 points, or 0.2 percent, to 2,087. The Nasdaq composite was flat at 4,837.
Bond prices didn't move much. The yield on the 10-year U.S. Treasury note held stready at 1.69 percent.
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9:45 a.m.
Stocks are opening slightly higher as investors trade cautiously before Britain's referendum on European Union membership later this week.
Technology stocks made the biggest gains Tuesday. Facebook rose 1 percent.
Energy companies fell as the price of oil dropped 2 percent. Chesapeake Energy lost 3 percent.
X-ray inspection systems maker American Science & Engineering surged 14 percent after OSI Systems agreed to buy it for about $264 million.
The Dow Jones industrial average rose 15 points, or 0.1 percent, to 17,820. The Standard & Poor's 500 index added 2 points, or 0.1 percent, to 2,085. The Nasdaq composite climbed 10 points, or 0.2 percent, to 4,846.
Bond prices rose. The yield on the 10-year U.S. Treasury note fell to 1.67 percent.