Markets Right Now: Stocks open mostly higher on Wall…

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

9:35 a.m.

Stocks are opening mostly higher on Wall Street, putting the market on track for a fifth straight gain.

FILE- In this Feb. 17, 2017, file photo, an American flag hangs on the front of the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, June 7. (AP Photo/Peter Morgan, File)

Energy companies and banks rose more than the rest of the market in early trading Thursday. Chevron rose 1.5 percent and Bank of New York Mellon climbed 1.5 percent.

Conn’s soared 25 percent after the retailer reported much higher earnings than analysts were expecting.

Food maker J.M. Smucker sank 8 percent after reporting a weak quarter.

The S&P 500 index was up 1 point, less than 0.1 percent, to 2,774.

The Dow Jones industrial average climbed 58 points, or 0.2 percent, to 25,205. The Nasdaq composite edged down 6 points, or 0.1 percent, to 7,683.

The yield on the 10-year Treasury held steady at 2.97 percent.

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