Markets Right Now: Stocks rise, buoyed by Walmart, Cisco
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Markets Right Now: Stocks rise, buoyed by Walmart, Cisco

FILE - In this May 9, 2019, file photo trader Fred DeMarco works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, May 16. (AP Photo/Richard Drew, File)

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

9:35 a.m.

Stocks are rising early on Wall Street, with investors buoyed by better than expected quarterly results from Walmart and Cisco Systems.

Walmart shares rose 3.2% Thursday while Cisco gained 4.1%. Both companies are included in the Dow Jones Industrial Average.

Chipmakers showed early weakness. Qualcomm dropped 3.6% while Qorvo slipped 6.1%. Applied Materials and Nvidia report earnings after the close.

The S&P 500 index added 15 points, or 0.6%, to 2,866.

The Dow rose 130 points, or 0.5%, to 25,781. The Nasdaq gained 40 points, or 0.5%, to 7,863.

Bond prices fell. The yield on the 10 year Treasury rose to 2.41%

The Associated Press

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