Markets Right Now: US stocks open slightly higher

NEW YORK (AP) — The latest on developments in financial markets (All times local):

9:35 a.m.

Stocks are opening modestly higher on Wall Street, led by gains in technology companies and banks.

Apple climbed 1.2 percent in early trading, and State Street gained 1 percent.

Elsewhere, some companies were making sharp moves after reporting their latest quarterly results.

Snap, the parent company of disappearing-message app Snapchat plunged 12.5 percent after reporting weak user growth and a wider loss than analysts were expecting.

The Standard & Poor’s 500 index rose 2 points, or 0.1 percent, to 2,440. The index is coming off its biggest drop since mid-May.

The Dow Jones industrial average rose 25 points, or 0.1 percent, to 21,866. The Nasdaq rose 8 points, or 0.1 percent, to 6,224.