Markets Right Now: US indexes climb to more record highs

NEW YORK (AP) " The latest on developments in financial markets (All times local):

4:00 p.m.

Stocks are closing at all-time highs on Wall Street as the market resumed its climb after a holiday break.

The gains Tuesday were led by high-dividend companies like real estate and utility companies.

Kraft Heinz fell 1.8 percent after withdrawing its offer to buy Unilever. Investors were hoping Kraft might buy another food or consumer products company.

J.M. Smucker gained 4.4 percent and Oreo maker Mondelez climbed 5.8 percent.

The Standard & Poor's 500 index rose 14 points, or 0.6 percent, to 2,365.

The Dow Jones industrial average gained 118 points, or 0.6 percent, to 20,743. The Nasdaq composite rose 27 points, or 0.5 percent, to 5,865.

Bond prices fell. The yield on the 10-year Treasury note edged up to 2.43 percent.

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11:45 a.m.

Stocks are trading at record highs on Wall Street as the market resumed its climb after a holiday break.

Energy companies rose in midday trading Tuesday along with the price of oil. Devon Energy jumped 3.1 percent.

Food makers were also rising more than the rest of the market. J.M. Smucker gained 4.6 percent and Mondelez climbed 4.4 percent.

Kraft Heinz fell 3 percent after withdrawing its offer to buy Unilever.

The Standard & Poor's 500 index rose 8 points, or 0.4 percent, to 2,360.

The Dow Jones industrial average gained 68 points, or 0.3 percent, to 20,692. The Nasdaq composite rose 14 points, or 0.3 percent, to 5,853.

Overseas markets were mostly higher.

The yield on the 10-year Treasury note held steady at 2.42 percent.

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9:35 a.m.

Stocks are opening higher on Wall Street as investors return from the holiday weekend in a buying mood.

Energy companies and banks posted some of the biggest gains in early trading Tuesday. Hess rose 2 percent and Northern Trust rose 1 percent.

The gains sent indexes further into record territory. U.S. markets were closed Monday for Presidents Day.

Several companies were rising after reporting better results than analysts expected. Wal-Mart jumped 2.6 percent and Home Depot rose 1 percent.

The Standard & Poor's 500 index rose 7 points, or 0.3 percent, to 2,358.

The Dow Jones industrial average gained 71 points, or 0.4 percent, to 20,699. The Nasdaq composite rose 18 points, or 0.3 percent, to 5,856.

This story has been automatically published from the Associated Press wire which uses US spellings

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