Markets Right Now: Rally pushes Dow toward a record high

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

11:45 a.m.

Stocks are broadly higher on Wall Street, pushing the Dow Jones Industrial Average toward an all-time high for the first time since July.

Energy companies and banks posted some solid gains Monday. Chevron rose 4.8% and Morgan Stanley rose 2.6%.

Under Armour slumped 15.9% after the company confirmed that its accounting practices are being investigated by federal regulators.

McDonald’s sank 3% after its CEO was ousted after violating company policy by having a relationship with an employee.

The S&P 500 rose 13 points, or 0.4%, to 3,080. The index is coming off of four straight weekly gains.

The Dow climbed 121 points, or 0.4%, to 27,469. The Nasdaq rose 38 points, or 0.5%, to 8,424.

Bond prices fell. The yield on the 10-year Treasury rose to 1.79%.

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9:35 a.m.

Stocks are opening higher on Wall Street, pushing major indexes toward more record highs.

Technology companies and banks notched gains in the early going Monday. Texas Instruments jumped 1.9% and Morgan Stanley added 1.7%.

Under Armour slumped 15% after the company confirmed that its accounting practices are being investigated by federal regulators.

McDonald’s sank 2.3% after its CEO was ousted after violating company policy by having a relationship with an employee.

The S&P 500 rose 16 points, or 0.5%, to 3,083.

The Dow Jones Industrial Average climbed 132 points, or 0.5%, to 27,477. The Nasdaq rose 60 points, or 0.7%, to 8,445.

Bond prices fell. The yield on the 10-year Treasury rose to 1.78%.