Markets Right Now: Stocks open higher on Wall Street
NEW YORK (AP) – The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are opening broadly higher on Wall Street as stocks add to the records they’ve set in the last few days.
FILE- In this April 5, 2018, file photo a sign for a Wall Street subway station is shown. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Aug. 28. (AP Photo/Richard Drew, File)
Shoe retailer DSW surged 23 percent in early trading Tuesday after reporting second-quarter results that were far stronger than analysts expected.
Tiffany jumped 3.7 percent. The company raised its annual forecasts after beating Wall Street estimates in its latest quarter.
Best Buy fell 5.7 percent after issuing a disappointing forecast for the current quarter.
The S&P 500 index rose 6 points, or 0.2 percent, to 2,903.
The Dow Jones Industrial Average climbed 64 points, or 0.2 percent, to 26,112. The Nasdaq composite increased 16 points, or 0.2 percent, to 8,033.
Bond prices fell. The yield on the 10-year Treasury rose to 2.88 percent.
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