Markets Right Now: Stocks edge higher in midday trading

The latest on developments in financial markets (All times local):

11:45 a.m.

Stocks are edging higher in midday trading as gains in technology and energy companies outweigh losses among banks and makers of consumer goods.

Crude oil prices rose Monday, and bitcoin futures were higher on their first day of trading.

Advanced Micro Devices rose 1.2 per cent and Chesapeake Energy rose 4.2 per cent.

Traders are looking ahead to an announcement on interest rates Wednesday from the Federal Reserve. The Fed is expected to raise rates for the third time this year.

The Standard & Poor’s 500 index rose 5 points, or 0.2 per cent, to 2,656.

The Dow Jones industrial average added 27 points, or 0.1 per cent, to 24,356. The Nasdaq composite added 29 points, or 0.4 per cent, to 6,869.

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9:35 a.m.

Stocks are opening mostly higher on Wall Street led by gains in technology and energy stocks.

Advanced Micro Devices rose 1.5 per cent in early trading Monday and Chesapeake Energy rose 2.2 per cent.

Trading in Bitcoin futures began Sunday. They fell slightly in early trading Monday from their overnight high. The futures contract that expires in January was trading at $17,820.

Traders are looking ahead to an announcement on interest rates Wednesday from the Federal Reserve. The Fed is expected to raise rates for the third time this year.

The Standard & Poor’s 500 index rose 1 point to 2,652.

The Dow Jones industrial average added 3 points to 24,332. The Nasdaq composite added 15 points, or 0.2 per cent, to 6,856.