Markets Right Now: Stocks climb in early trading

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

9:35 a.m.

Stocks are rising broadly in early trading on Wall Street as investors applauded encouraging quarterly results from major retailers.

Target soared 17% in early trading Wednesday after releasing earnings that blew past analysts' expectations and raising its full-year forecast.

Lowe's also jumped 11.5% after its results also beat forecasts. That came a day after rival Home Depot reported strong results of its own.

Traders will be looking out for minutes released later in the day from the Federal Reserve's latest policy meeting.

The S&P 500 rose 23 points, or 0.8%, to 2,923.

The Dow Jones Industrial Average added 220, or 0.9%, to 26,181. The Nasdaq climbed 63, or 0.8%, to 8,011.

Bond prices fell. The yield on the 10-year Treasury rose to 1.59% from 1.56%.

Similar News

IMF, Egypt agree on $12B loan to fix ailing economy

Aug 11, 2016

The International Monetary Fund says it will grant Egypt a $12 billion loan over three years to help the Arab world's most populous country mend its ailing economy following years of unrest

Kohl's 2Q profit tops expectations as it lowers expenses

Aug 11, 2016

Kohl's 2Q profit beat analysts' expectations as the department store operator reduced expenses and managed its inventory well

5 tips to bounce back after a foreclosure or short sale

Aug 11, 2016

Losing a home to a foreclosure or short sale is devastating, but it doesn't have to define you.Losing a home to a foreclosure or short sale is devastating, but it doesn't have to define you

Broaden