NEW YORK — The latest on developments in financial markets (all times local):
11:45 a.m.
Stocks are mostly higher at midday after wobbling for much of the morning, led by gains in health care and energy stocks.
Biogen soared 25% Tuesday after the drug company said it would seek federal approval for a medicine to treat early Alzheimer’s disease.
Technology and communications companies were falling. Facebook gave up 2.6%.
Financial companies were also lagging the rest of the market. Travelers sank 7% after the insurance company reported earnings that fell far short of analysts’ forecast.
The S&P 500 edged up 3 points, or 0.1%, to 3,009.
The Dow Jones Industrial Average rose 40 points, or 0.2%, to 26,869. The Nasdaq fell 15 points, or 0.2%, to 8,147.
The yield on the 10-year Treasury held steady at 1.79%.
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9:35 a.m.
Stocks are off to a mixed start on Wall Street as gains by health care companies are offset by losses elsewhere in the market.
Biogen soared 40% after the drug company said it would seek federal approval for a medicine to treat early Alzheimer’s disease.
Financial companies were lagging the rest of the market. Travelers sank 7% after the insurance company reported earnings that fell far short of analysts’ forecast.
Hasbro plunged 15% after the toymaker reported weak quarterly results.
The S&P 500 edged up 2 points, or 0.1%, to 3,009.
The Dow Jones Industrial Average fell 16 points, or 0.1%, to 26,812. The Nasdaq gained 20 points, or 0.3%, to 8,183.
Bond prices rose. The yield on the 10-year Treasury fell to 1.77%.
The Associated Press
