Markets Right Now: Stocks turn higher on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (All times local):
11:45 a.m.
Stocks are turning higher on Wall Street as the market shakes off an early stumble.
Real estate and health care companies are doing the best in midday trading Tuesday, but the energy sector is still lower because of a drop in the price of crude oil.
Traders are looking ahead to a meeting of OPEC nations Wednesday to see if the cartel will finalize a preliminary agreement to curb production.
U.S. crude was down 3 percent to $45 a barrel in New York.
Tiffany surged 4 percent after reporting strong earnings.
The Dow Jones industrial average rose 31 points, or 0.2 percent, to 19,130. The Standard & Poor’s 500 index gained 7 points, or 0.3 percent, to 2,208. The Nasdaq composite climbed 33 points, or 0.6 percent, to 5,402.
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9:35 a.m.
Stocks are getting off to a mixed start on Wall Street as declines in energy companies offset gains in other sectors including real estate.
Energy stocks were falling along with the price of crude oil early Tuesday. Traders are looking ahead to a meeting of OPEC nations Wednesday to see if the cartel will finalize a preliminary agreement to curb production.
U.S. crude was down 3 percent to $45 a barrel in New York.
Tiffany surged 7 percent after reporting strong earnings.
The Dow Jones industrial average was little changed at 19,101. The Standard & Poor’s 500 index was up a point to 2,202. The Nasdaq composite was up 5 points, or 0.1 percent, to 5,374.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.34 percent.