Markets Right Now: Stocks post modest gains on Wall Street

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

4 p.m.

Stocks edged higher on Wall Street, erasing the markets modest losses from a day earlier.

Banks and technology companies rose the most, while health care stocks closed broadly lower.

Citigroup rose 2.9 and JPMorgan Chase climbed 1.1, but UnitedHealth Group sank 4.

Chipmaker Qualcomm soared 23 in heavy trading after announcing that it had settled its longstanding legal dispute with Apple.

The S&P 500 index edged up 1 point, or 0.1, to 2,907.

The Dow Jones Industrial Average added 67 points, or 0.3, to 26,452. The Nasdaq rose 24 points, or 0.3, to 8,000.

Bond prices fell. The yield on the 10-year Treasury rose to 2.59.

11:45 a.m.

Stocks are higher on Wall Street in midday trading, erasing the markets modest losses from a day earlier.

Gains in financial and technology stocks outweigh losses elsewhere in the market Tuesday.

Health care stocks are lagging the most as traders weigh quarterly earnings from Johnson & Johnson.

Investors are looking to corporate earnings reports for clues on the health of the global economy.

The rebound follows gains in overseas markets .

The S&P 500 index rose 3 points, or 0.1, to 2,908.

The Dow Jones Industrial Average rose 55 points, or 0.2, to 26,441. The Nasdaq rose 25 points, or 0.3, to 8,001.

Bond prices fell. The yield on the 10-year Treasury rose to 2.59.

9:35 a.m.

Health care companies are leading stocks broadly higher in early trading on Wall Street.

UnitedHealth Group, the nations largest health insurance company, rose 1.3 early Tuesday after beating first-quarter earnings forecasts and raising its estimates for the full year.

Other health care sector companies also rose. Abbot Laboratories rose 1.5 and Johnson & Johnson added 2.5.

The S&P 500 index rose 8 points, or 0.3, to 2,914.

The Dow Jones Industrial Average rose 110 points, or 0.4, to 26,492. The Nasdaq rose 28 points, or 0.4, to 8,004.

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