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

11:45 a.m.

Stocks moved broadly higher on Wall Street, putting the S&P 500 on track for a record high at the beginning of a busy week of corporate earnings and economic reports.

Microsoft rose 2.4% Monday after the company won a $10 billion cloud computing contract from the Pentagon.

Tiffany soared 32% after the French luxury company LVMH offered to buy the iconic jeweler for $14.5 billion.

The gains came at the beginning of an unusually busy week for company earnings, economic reports and central bank meetings.

The S&P 500 rose 16 points, or 0.5%, to 3,038.

The Dow Jones Industrial Average added 101 points, or 0.4%, to 27,060. The Nasdaq rose 74 points, or 0.9%, to 8,317.

Bond prices fell. The yield on the 10-year Treasury rose to 1.85%.

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9:35 a.m.

Stocks are opening broadly higher on Wall Street, putting the benchmark S&P 500 index on track for a record high.

Tiffany soared 28% in the early going Monday after the French luxury company LVMH, which owns Fendi and Christian Dior, offered to buy the company for $14.5 billion.

The gains came at the beginning of an unusually busy week for company earnings, economic reports and central bank meetings. The Federal Reserve makes its latest announcement on interest rate policy on Wednesday.

The S&P 500 rose 17 points, or 0.6%, to 3,039.

The Dow Jones Industrial Average added 161 points, or 0.6%, to 27,122. The Nasdaq rose 58 points, or 0.7%, to 8,302.

Bond prices fell. The yield on the 10-year Treasury rose to 1.85%.