Markets Right Now: Stocks move higher on Wall Street

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

11:45 a.m.

U.S. stock indexes gave up some of an early gain and are mostly higher in midday trading.

Investors bid up shares in big department store chains and industrial companies Monday, adding to the market’s gains from last week.

Macy’s jumped 4.2 per cent and Boeing rose 1.5 per cent.

Energy stocks climbed along with the price of U.S. crude oil. Technology stocks lagged the market. Intel fell 1.7 per cent.

SodaStream jumped 9.6 per cent after PepsiCo agreed to buy the Israeli fizzy drink maker for $3.2 billion.

The S&P 500 index rose 5 points, or 0.2 per cent, to 2,855.

The Dow Jones Industrial Average gained 97 points, or 0.4 per cent, to 25,765. The Nasdaq composite fell 9 points, or 0.1 per cent, to 7,805.

The yield on the 10-year Treasury fell to 2.83 per cent.

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9:35 a.m.

Stocks are opening higher on Wall Street, following an upbeat finish last week, amid signs of progress in resolving the trade dispute between the U.S. and China.

Investors were also weighing the latest corporate earnings and deal news Monday.

SodaStream jumped 9.8 per cent after PepsiCo agreed to buy the Israeli fizzy drink maker for $3.2 billion.

Tesla slumped 5.3 per cent after JPMorgan cut its price target on the electric car maker.

The S&P 500 index rose 6 points, or 0.3 per cent, to 2,857.

The Dow Jones Industrial Average gained 80 points, or 0.3 per cent, to 25,749. The Nasdaq composite added 17 points, or 0.2 per cent, to 7,834.