Markets Right Now: Stocks open higher on Wall Street

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FILE- In this Tuesday, Oct. 2, 2018, file photo trader Michael Milano, left, and specialist Jay Woods work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 3. (AP Photo/Richard Drew, File)

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

9:35 a.m.

Stocks are broadly higher on Wall Street in early trading as technology companies and banks added to their recent gains.

Apple rose 1 per cent early Wednesday and Citigroup added 1.3 per cent.

General Motors jumped 3.8 per cent after Honda agreed to invest $2.75 billion in its Cruise autonomous vehicle unit.

J.C. Penney jumped 4.2 per cent after naming a new CEO.

Italian stocks and government bond prices rose after that country’s government said it would cut back its spending plans.

The S&P 500 rose 11 points, or 0.4 per cent, to 2,935.

The Dow Jones Industrial Average rose 123 points, or 0.5 per cent, to 26,893. The Nasdaq composite climbed 33 points, or 0.4 per cent, to 8,033.

Bond prices fell. The yield on the 10-year Treasury rose to 3.08 per cent.

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