Markets Right Now: Stocks open higher on Wall Street
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Markets Right Now: Stocks open higher on Wall Street

FILE- In this Dec. 3, 2018, file photo trader Michael Milano, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Dec. 7. (AP Photo/Richard Drew, File)

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

9:35 a.m.

Stocks are edging higher in the early going on Wall Street as trading settles down following a wild ride the day before.

Energy companies were doing well early Friday as the price of crude oil shot up 4 per cent. Chevron climbed 1.6 per cent.

Banks were also higher. JPMorgan Chase rose 1 per cent.

Tobacco company Altria, which makes Marlboro cigarettes, rose 1.3 per cent after announcing a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company.

The Dow Jones Industrial Average rose 79 points, or 0.3 per cent, to 25,034.

The S&P 500 index added 7 points, or 0.3 per cent, to 2,703. The Nasdaq composite rose 6 points, or 0.1 per cent, to 7,195.

Bond prices fell. The yield on the 10-year Treasury rose to 2.90 per cent.

The Associated Press

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