Markets Right Now: Stocks open broadly higher on Wall Street

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

9:35 a.m.

Stocks are opening broadly higher on Wall Street, building on two days of solid gains.

Traders were showing an increased appetite for risk Tuesday, sending shares of technology and industrial companies higher.

Global Payments jumped 2.5 percent and railroad operator Union Pacific soared 9.4 percent after naming a new chief operating officer.

PG&E plunged another 13 percent after the S&P ratings agency cut the California utility’s debt rating to junk.

The S&P 500 index rose 26 points, or 1.1 percent, to 2,577.

The Dow Jones Industrial Average climbed 283 points, or 1.2 percent, to 23,818. The Nasdaq rose 80 points, or 1.2 percent, to 6,906.

Bond prices fell. The yield on the 10-year Treasury rose to 2.71 percent.