Markets Right Now: US stocks open higher; bond prices fall

NEW YORK (AP) — Stocks are opening higher on Wall Street following solid gains in Europe and some encouraging reports on the U.S. economy.

PepsiCo gained 2 percent early Thursday after reporting better earnings than analysts were expecting. The soda giant said snack sales were strong and people were buying more healthy drink options.

Bond prices, gold and utilities stocks fell as investors shifted out of safe-play assets they have been favoring in recent weeks following Britain’s historic vote to leave the European Union.

The Dow Jones industrial average climbed 40 points, or 0.2 percent, to 17,960.

The Standard & Poor’s 500 index gained 6 points, or 0.3 percent, to 2,105. The Nasdaq composite rose 20 points, or 0.4 percent, to 4,879.

The yield on the 10-year Treasury note rose to 1.41 percent.