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

11:45 a.m.

Stocks are turning slightly lower on Wall Street, giving up an early gain, as health care companies and banks fall.

Drug and infant formula maker Abbott Laboratories is leading health care stocks lower Wednesday after its sales fell short of Wall Street estimates.

Energy companies are down as the price of crude oil falls for the third time in four days after a strong start to 2019.

The Dow Jones Industrial Average had jumped 296 points earlier as investors cheered strong earnings from IBM, Proctor & Gamble and United Technologies.

The S&P 500 fell 14 points, or 0.6 per cent, to 2,618.

The Dow fell 42 points, or 0.2 per cent, to 24,357. The Nasdaq lost 49 points, or 0.7 per cent, to 6,972.

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9:35 a.m.

Stocks are rising at the opening bell following solid results from a string of companies including IBM and Procter & Gamble.

Technology and consulting company IBM rose 7.2 per cent Wednesday after it topped Wall Street’s expectations in the fourth quarter. Consumer products maker Proctor & Gamble jumped 6.4 per cent.

Elevator and jet engine maker United Technologies climbed 6.1 per cent.

The S&P 500 index added 15 points, or 0.6 per cent, to 2,648 after it fell 1.4 per cent Tuesday.

The Dow Jones Industrial Average jumped 251 points, or 1 per cent, to 24,655. The Nasdaq composite gained 44 points, or 0.6 per cent, to 7,064.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.77 per cent.