Markets Right Now: Stocks are opening higher on Wall Street

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

9:35 a.m.

Stocks are opening higher on Wall Street as technology companies and retailers lead the market higher.

Apple and Home Depot each rose about 1 per cent in early trading Friday.

Broadcom jumped 4 per cent after announcing a $12 billion stock buyback.

Major U.S. banks were mixed after reporting big jumps in profits driven partly by the new tax law. JPMorgan Chase and Citigroup were little changed, while Wells Fargo fell 2 per cent.

The S&P 500 rose 10 points, or 0.4 per cent, to 2,674.

The Dow Jones industrial average rose 90 points, or 0.4 per cent, to 24,576. The Nasdaq composite climbed 28 points, or 0.4 per cent, to 7,168.

Bond prices didn’t move much. The yield on the 10-year Treasury held steady at 2.84 per cent.