Markets Right Now: Tech stocks lead gains; Nasdaq at record

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

11:45 a.m.

Technology stocks are leading U.S. market indexes higher in midday trading, keeping the Nasdaq composite and Standard & Poor’s 500 index at record highs.

Facebook rose 2 percent Friday, while Microsoft, Apple and Google parent Alphabet each gained about 1 percent.

High-dividend stocks continued to fall as bond yields rose. Verizon lost 1.2 percent.

The Dow Jones industrial average gained 66 points, or 0.3 percent, to 19,966.

The S&P 500 rose 8 points, or 0.4 percent, to 2,277. The Nasdaq climbed 34 points, or 0.7 percent, to 5,524.

Bond prices fell after the government reported that employers added jobs at a steady pace last month and the unemployment rate ticked up because more people were looking for work.

The yield on the 10-year Treasury note rose to 2.42 percent.

___

9:35 a.m.

Stocks are opening mostly lower on Wall Street, led by declines in high-dividend stocks like phone companies and utilities.

Bond prices fell, sending yields higher, after the government reported Friday that employers added jobs at a steady pace last month and the unemployment rate ticked up because more people were looking for work.

Amgen climbed and Sanofi and Regeneron Pharmaceuticals fell after a court moved to block sales of Sanofi and Regeneron’s cholesterol drug.

Gap rose after reporting encouraging holiday-season sales.

The Dow Jones industrial average fell 50 points, or 0.2 percent, to 19,853.

The Standard & Poor’s 500 index lost 3 points, or 0.2 percent, to 2,265. The Nasdaq was flat at 5,487.

The yield on the 10-year Treasury note rose to 2.40 percent.

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