Markets Right Now: Banks, tech lead gains for us stocks

NEW YORK (AP) — The latest on developments in financial markets (All times local): 11:45 a.m. Banks are leading U.S. stocks modestly higher in midday trading, extending the market's gains from last week. Technology companies also were among the biggest gainers Monday, while utilities and real...

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

11:45 a.m.

Banks are leading U.S. stocks modestly higher in midday trading, extending the market's gains from last week.

Technology companies also were among the biggest gainers Monday, while utilities and real estate stocks lagged. Oil prices headed lower.

JPMorgan Chase rose 1.2 percent, while chipmaker Nvidia jumped 4.8 percent and

Aerospace manufacturer Orbital ATK soared 20 percent after agreeing to be acquired by Northrop Grumman.

The Dow Jones industrial average rose 79 points, or 0.4 percent, to 22,347. The Standard & Poor's 500 index climbed 6 points, or 0.3 percent, to 2,506. Both indexes closed at record highs on Friday.

The Nasdaq composite increased 26 points, or 0.4 percent, to 6,475.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.23 percent.

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9:35 a.m.

Stocks are edging higher on Wall Street in early trading as the market comes off its best week since the beginning of the year.

Technology companies and banks were among the biggest gainers early Monday. Chipmaker Nvidia jumped 3.8 percent and JPMorgan Chase rose 0.7 percent.

Aerospace manufacturer Orbital ATK soared 20 percent after agreeing to be acquired by Northrop Grumman.

The Dow Jones industrial average rose 34 points, or 0.2 percent, to 22,301. The Standard & Poor's 500 index climbed 4 points, or 0.2 percent, to 2,504. Both indexes closed at record highs on Friday.

The Nasdaq composite increased 17 points, or 0.3 percent, to 6,466.

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