NEW YORK — The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are edging higher in the early going on Wall Street as trading settles down following a wild ride the day before.
Energy companies were doing well early Friday as the price of crude oil shot up 4 per cent. Chevron climbed 1.6 per cent.
Banks were also higher. JPMorgan Chase rose 1 per cent.
Tobacco company Altria, which makes Marlboro cigarettes, rose 1.3 per cent after announcing a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company.
The Dow Jones Industrial Average rose 79 points, or 0.3 per cent, to 25,034.
The S&P 500 index added 7 points, or 0.3 per cent, to 2,703. The Nasdaq composite rose 6 points, or 0.1 per cent, to 7,195.
Bond prices fell. The yield on the 10-year Treasury rose to 2.90 per cent.
The Associated Press
