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Markets Right Now: Stocks close mostly higher, led by tech

The latest on developments in financial markets (All times local):

4:00 p.m.

Stocks closed mostly higher on Wall Street with big technology companies like Apple and banks leading the way.

Banks rose along with bond yields Monday after Congress agreed to a deal that will keep the government operating for the rest of the fiscal year.

Bank of America and Wells Fargo each rose 1.2 percent.

Investors sold bonds, gold, and high-dividend stocks.

Tribune Media jumped 6.1 percent following reports that Twenty-First Century Fox and Blackstone may try to buy it.

The Standard & Poor’s 500 index rose 4 points, or 0.2 percent, to 2,388.

The Dow Jones industrial average fell 26 points, or 0.1 percent, to 20,914.

The Nasdaq climbed 44 points, or 0.7 percent, to 6,091.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.32 percent.

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11:45 a.m.

U.S. stocks are mostly higher at midday with big technology and consumer-focused companies like Apple and Amazon leading the way.

Banks are rising along with bond yields Monday after Congress agreed to a deal that will keep the government operating for the rest of the fiscal year.

Amazon rose 2.6 percent and Apple gained 1.7 percent.

Tribune Media jumped 5.6 percent following reports that 21st Century Fox and Blackstone may make an offer for the company.

The Standard & Poor’s 500 index rose 6 points, or 0.3 percent, to 2,390.

The Dow Jones industrial average edged up 4 points, less than 0.1 percent, to 20,947.

The Nasdaq composite climbed 35 points, or 0.6 percent, to 6,082.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.32 percent.

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9:35 a.m.

Stocks are opening slightly higher on Wall Street, led by gains in technology companies and banks.

Chipmaker Advanced Micro Devices rose 1.8 percent in the first few minutes of trading Monday, the biggest gain in the Standard & Poor’s 500 index. Citizens Financial was close behind with a gain of 1.7 percent.

Broadcasting company Tribune Media jumped 7.6 percent following reports that Twenty-First Century Fox and Blackstone may make an offer for the company.

The S&P 500 rose 3 points, or 0.2 percent, to 2,387.

The Dow Jones industrial average edged up 3 points, less than 0.1 percent, to 20,944.

The Nasdaq composite was up 21 points, or 0.4 percent, to 6,068.

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