Markets Right Now: Stocks rise at midday on Wall Street

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

11:45 a.m.

Major indexes are moving higher in midday trading on Wall Street as gains for technology and industrial stocks outweigh more losses in health care.

The gains Friday came a day after the Dow Jones Industrial Average closed above 27,000 points for the first time.

Chipmakers including Intel rose. Among industrial companies, DuPont, Emerson Electric and Illinois Tool Works rose 2% or more.

Illumina sank 15% after reporting weak results and issuing a dismal revenue forecast.

The S&P 500 index rose 5 points, or 0.2%, to 3,005.

The Dow added 130 points, or 0.5%, to 27,215. The Nasdaq added 29 points, or 0.4%, to 8,225.

Bond prices fell. The yield on the 10-year Treasury rose to 2.13%.

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9:35 a.m.

Stocks are opening higher again on Wall Street led by more gains in technology companies.

Intel rose 1.3% in early trading Friday. Other chipmakers also rose.

Health care stocks continued to fall a day after the White House scrapped a plan to overhaul a system of rebates that drugmakers pay to insurers and distributors.

Illumina sank 15% after reporting weak results and issuing a dismal revenue forecast.

The S&P 500 index rose 4 points, or 0.1%, to 3,004.

The Dow Jones Industrial Average gained 80 points, or 0.3%, to 27,166. The Nasdaq added 14 points, or 0.2%, to 8,212.

Bond prices fell. The yield on the 10-year Treasury rose to 2.13%.