Markets Right Now: US stocks open higher

NEW YORK (AP) — The latest on developments in financial markets (All times local):

11:45 a.m.

Technology and industrial companies led U.S. stocks modestly higher as the market bounced back from small losses the day before.

Investors were sizing up earnings reports Tuesday from General Motors, Michael Kors and other big companies.

Health insurer Centene jumped 6 percent after reporting a much stronger quarter than analysts had expected.

Energy stocks lagged as the price of crude oil headed lower. Murphy Oil lost 4.2 percent.

The Standard Poor’s 500 index rose 2 points, or 0.1 percent, to 2,294.

The Dow Jones industrial average gained 44 points, or 0.2 percent, to 20,097. The Nasdaq composite rose 17 points, or 0.3 percent, to 5,681.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.40 percent.

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9:35 a.m.

Stocks are opening higher in Wall Street, led by gains in industrial and technology companies.

Company earnings were a big focus for investors in early Tuesday, and several stocks were making big moves after reporting their results and forecasts.

Health insurer Centene jumped 5 percent after reporting a much stronger quarter than analysts had expected. National Oilwell Varco was up 6 percent after reporting a smaller loss than forecast.

Michael Kors took a revenue hit in its latest quarter and dropped 14 percent.

The Standard Poor’s 500 index rose 5 points, or 0.2 percent, to 2,297.

The Dow Jones industrial average gained 76 points, or 0.4 percent, to 20,130. The Nasdaq composite rose 12 points, or 0.2 percent, to 5,676.

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