NEW YORK (AP) — The latest on developments in financial markets (All times local):
11:45 a.m.
Consumer-focused companies are leading U.S. market indexes higher in midday trading.
General Motors and Ford are jumping after reporting their December sales, and vehicle suppliers are also trading higher. GM and Ford each rose 5 percent.
Retailers are rising as the market builds on its gains from the day before. Gap also gained 5 percent.
The Dow Jones industrial average rose 36 points, or 0.2 percent, to 19,918.
The Standard & Poor's 500 index gained 10 points, or 0.5 percent, to 2,268. The Nasdaq composite rose 40 points, or 0.8 percent, to 5,470.
Bond prices didn't move much. The yield on the 10-year Treasury note held steady at 2.45 percent.
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9:35 a.m.
U.S. stocks are opening higher, putting them on track for a second straight day of gains, as investors continue to buy companies that stand to benefit if the economy keeps growing and consumers continue to spend.
Consumer-focused companies are rising Wednesday morning, and retailer Gap is climbing 4 percent.
Companies that mine for metals and make basic materials were also trading higher. Gold and copper producer Freeport-McMoRan rose 2 percent.
General Motors is up 2 percent. Ford is also up almost 2 percent.
The Dow Jones industrial average rose 49 points, or 0.2 percent, to 19,931.
The Standard & Poor's 500 index gained 8 points, or 0.4 percent, to 2,266. The Nasdaq composite rose 24 points, or 0.5 percent, to 5,455.
