NEW YORK (AP) — Stocks are opening broadly higher, building on the market’s gains from late last week.
Banks and retailers had some of the biggest gains Tuesday. Several stocks were also moving on earnings and deal news.
Home security company ADT soared 50 percent after agreeing to be acquired by an investment company.
Spam maker Hormel Foods jumped 8 percent after reporting earnings that were higher than analysts had forecast.
Most Read Stories
- Ex-Seahawk Marshawn Lynch is never far from teammates’ memories WATCH
- Suspicious? Gay groomsman only one left out of rehearsal dinner | Dear Carolyn
- Jury acquits leaders of Malheur wildlife-refuge standoff
- Live updates from Dakota Access Pipeline protests: ‘It will be a battle here’
- Watch: Shots reportedly fired, 117 arrested at Dakota Access Pipeline protests WATCH
The Dow Jones industrial average rose 142 points, or 0.9 percent, to 16,114 as of 9:35 a.m. Eastern time.
The Standard & Poor’s 500 index gained 19 points, or 1 percent, to 1,884. The Nasdaq composite climbed 65 points, or 1.5 percent, to 4,402.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.77 percent.