Markets Right Now: Stocks higher ahead of US-China talks

Posted at 9:48 AM, Feb 11, 2019
and last updated 2019-02-11 09:48:40-05

NEW YORK (AP) — The latest on developments in financial markets (all times local):

9:40 a.m.

U.S. stock markets are opening slightly higher as Wall Street looks ahead to key trade talks between the U.S. and China this week.

The trade talks overshadow wider fears of a global economic slowdown. The British economy slowed last year to its weakest growth rate since the global financial crisis.

Burger King and Tim Horton's owner, Restaurant International, gained on strong fourth-quarter earnings. PG&E rose slightly after the utility, which is operating under bankruptcy protection, said it would shuffle its board of directors.

The S&P 500 gained 6 points, or 0.3 percent, to 2,714.

The Dow Jones Industrial Average rose 57 points, or 0.2 percent, at 25,163. The Nasdaq added 24 points, or 0.3 percent, to 7,319.

Bond prices fell. The yield on the 10-year Treasury rose to 2.66 percent.