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Markets Right Now: US stocks move higher

Posted 12:02 p.m. Thursday
Updated 12:05 p.m. Thursday

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

11:45 a.m.

Stocks are moving higher on Wall Street in midday trading.

High-dividend payers like real estate and phone companies rose Thursday, a day after the Federal Reserve said it would keep interest rate near their historic lows.

The Dow Jones industrial average gained 114 points, or 0.6 percent, to 18,408.

The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,174. The Nasdaq composite climbed 33 points, or 0.6 percent, to 5,325.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.61 percent.

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9:35 a.m.

Stocks are opening higher on Wall Street as energy stocks rise along with the price of crude oil.

Adding to their gains from a day earlier, oil and gas stocks snapped higher in early trading Thursday. Murphy Oil jumped 4 percent.

Materials companies also gained. Copper miner Freeport-McMoRan rose 4 percent.

The Dow Jones industrial average gained 131 points, or 0.7 percent, to 18,425.

The Standard & Poor's 500 index rose 15 points, or 0.7 percent, to 2,178. The Nasdaq composite climbed 33 points, or 0.6 percent, to 5,325.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.63 percent.

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