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Markets Right Now: Stocks extend their gains on Wall Street

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks extended their gains on Wall Street as investors remain optimistic that the U.S. and China will make more progress in resolving their trade dispute.

Energy companies, retailers and industrial companies led the market higher Wednesday, a sign that investors expect the economy to remain healthy. Exxon Mobil rose 1.1 percent and Home Depot climbed 1.6 percent.

Hilton Worldwide jumped 6.8 percent after its earnings and revenue easily beat analysts' forecasts. The S&P 500 index rose 8 points, or 0.3 percent, to 2,753. The Dow Jones Industrial Average climbed 117 points, or 0.5 percent, to 25,543. The Nasdaq edged up 5 points, or 0.1 percent, to 7,420.

Bond prices fell. The yield on the 10-year Treasury rose to 2.71 percent.

11:45 a.m.

Stocks extended their gains on Wall Street as investors remain optimistic that the U.S. and China will make more progress in resolving their trade dispute.

Banks and energy companies helped lead the market higher Wednesday, a sign that investors expect the economy to remain healthy.

Goldman Sachs rose 1.2 percent and Marathon Petroleum climbed 2.3 percent.

Hilton Worldwide jumped 5.9 percent after its earnings and revenue easily beat analysts' forecasts.

The S&P 500 gained 4 points, or 0.2 percent, to 2,749.

The Dow Jones Industrial Average rose 67 points, or 0.3 percent, to 25,494. The Nasdaq was little changed at 7,418.

Bond prices fell. The yield on the 10-year Treasury rose to 2.71 percent.

9:35 a.m.

Stocks are opening broadly higher on Wall Street after several companies turned in results that were better than investors were expecting.

Hilton Worldwide jumped 5.7 percent early Wednesday after its earnings and revenue easily beat analysts' forecasts.

Global Payments also rose 2.4 percent after reporting strong results.

Groupon slumped 14.4 percent after turning in a disappointing quarterly report card.

The S&P 500 gained 12 points, or 0.4 percent, to 2,756.

The Dow Jones Industrial Average rose 129 points, or 0.5 percent, to 25,555. The Nasdaq added 35 points, or 0.5 percent, to 7,447.

Bond prices fell. The yield on the 10-year Treasury rose to 2.71 percent.

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