Markets Right Now: Technology stocks lead early gains

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

9:35 a.m.

Technology stocks are leading the market slightly higher in early trading, making up some of the ground they lost over the past two days.

Western Digital gained 3 percent in the first few minutes of trading Tuesday, while chipmaker Nvidia climbed 2.3 percent.

Tech stocks, which have far outpaced the market this year, slumped on Friday and Monday as investors shifted money into sectors that have lagged this year, including energy and phone companies.

Banks were also doing well in the early going. State Street increased 1.9 percent.

The Standard & Poor’s 500 index rose 6 points, or 0.3 percent, to 2,435.

The Dow Jones industrial average rose 42 points, or 0.2 percent, to 21,280. The Nasdaq composite rose 32 points, or 0.5 percent, to 6,208.