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Markets Right Now: Banks, tech lead stocks slightly higher

Posted July 13

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

11:45 a.m.

Modest gains by technology companies and banks are leading U.S. stock indexes slightly higher in midday trading on Wall Street.

Consumer-focused stocks were also higher early Thursday. Target jumped 4.1 percent after raising its second-quarter forecasts. Target said its sales and customer traffic grew.

Delta Air Lines fell 2.2 percent after reporting a smaller profit and less revenue than analysts expected.

The Standard & Poor's 500 index rose 3 points, or 0.2 percent, to 2,446.

The Dow Jones industrial average climbed 24 points, or 0.1 percent, to 21,556.

The Nasdaq composite rose 3 points, or 0.1 percent, to 6,266.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 percent.

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9:35 a.m.

Stocks are opening slightly higher on Wall Street as technology companies and banks post gains.

Consumer-focused stocks were also higher early Thursday. Target jumped 3.5 percent after raising its second-quarter forecasts. Target said its sales and customer traffic grew.

Delta Air Lines fell 2.5 percent after reporting a smaller profit and less revenue than analysts expected.

The Standard & Poor's 500 index rose 3 points, or 0.2 percent, to 2,446.

The Dow Jones industrial average climbed 22 points, or 0.1 percent, to 21,552.

The Nasdaq composite rose 6 points, or 0.1 percent, to 6,267.

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