Markets Right Now: Stocks open higher on Wall Street

NEW YORK, N.Y. – The latest on developments in U.S. financial markets:

9:35 a.m.

Stocks are edging higher in early trading on Wall Street as investors applaud some strong earnings reports from big U.S. companies.

Agricultural giant Archer-Daniels-Midland jumped 5.5 per cent in the first few minutes of trading Tuesday, the biggest gain in the Standard & Poor’s 500 index, after reporting earnings that easily beat analysts’ estimates.

Coach, which makes luxury handbags and other accessories, rose 3.5 per cent after its own results also came in ahead of forecasts.

The Dow Jones industrial average rose 11 points, or 0.1 per cent, to 18,153. The S&P 500 index climbed 2 points, or 0.1 per cent, to 2,128. The Nasdaq composite increased 9 points, or 0.2 per cent, to 5,198.