Markets Right Now: Banks lead an early gain for US stocks - KWWL - Eastern Iowa Breaking News, Weather, Closings

Markets Right Now: Banks lead an early gain for US stocks

Posted: Updated:

The Associated Press
   
The latest on developments in financial markets:

Banks and energy stocks are leading U.S. indexes higher in early trading on Wall Street.
   
Comerica gained 2.1 percent shortly after the opening bell Friday, while Chesapeake Energy increased 2 percent.
   
The pound slumped after Britain's ruling Conservatives lost their majority in Parliament.
   
The Standard & Poor's 500 index rose 3 points, or 0.2 percent, to 2,437.
   
The Dow Jones industrial average rose 45 points, or 0.2 percent, to 21,227. The Nasdaq composite was little changed at 6,320.
   
Bond prices fell. The yield on the 10-year Treasury note rose to 2.22 percent.
 

Powered by Frankly