Markets Right Now: Stocks edge higher in early trading

May 4, 2017 at 9:51a.m.

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

9:35 a.m.

Stocks are opening slightly higher on Wall Street, led by gains in banks and makers of consumer goods.

Wells Fargo picked up 1 percent in early trading Thursday, and Kellogg rose 0.8 percent.

AmerisourceBergen rose 3 percent after the drug distributor reported earnings that came in well ahead of what analysts were expecting.

The Standard & Poor’s 500 index edged up 1 point, less than 0.1 percent, to 2,389.

The Dow Jones industrial average rose 17 points, or 0.1 percent, to 20,975. The Nasdaq composite was down a fraction at 6,071.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.37 percent.