NEW YORK (AP) — The latest on developments in financial markets (All times local):
11:45 a.m.
U.S. stocks edged higher in midday trading, adding to the market’s five straight weeks of gains.
Financial and technology stocks had some of the biggest gains Monday. JPMorgan chase rose 1.6 percent and Apple picked up 1.5 percent.
Energy companies also rose as crude oil prices climbed. Noble Energy rose 1.7 percent.
Restaurant chain Ruby Tuesday soared 19 percent after announcing it had agreed to be taken private.
The Standard & Poor’s 500 index rose 2 points, or 0.1 percent, to 2,555.
The Dow Jones industrial average rose 44 points, or 0.2 percent, 22,916. The Nasdaq composite rose 15 points, or 0.2 percent, to 6,621.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.29 percent.
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9:35 a.m.
U.S. stock indexes are slightly higher in early trading on Wall Street, while several stocks were moving on deal news.
Restaurant chain Ruby Tuesday soared 19 percent in the first few minutes of trading Monday after announcing it had agreed to be taken private.
Department store operator Nordstrom sank 4 percent after saying it had temporarily suspended its own talks about being taken private.
Aramark, a food and uniform services company, rose 2.2 percent after announcing two acquisitions.
The Standard & Poor’s 500 index rose 4 points, or 0.2 percent, to 2,557.
The Dow Jones industrial average rose 50 points, or 0.2 percent, 22,921. The Nasdaq composite rose 17 points, or 0.3 percent, to 6,623.
