Markets Right Now: US stocks turn higher at midday


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

11:45 a.m.

U.S. stocks indexes are edging higher in midday trading as traders look over the details of several corporate deals.

Spectra Energy jumped 13 percent early Tuesday after agreeing to be acquired by the Canadian company Enbridge for about $28 billion.

Truck maker Navistar soared 40 percent after Volkswagen’s truck and bus unit bought a stake in the company. The two companies will also enter a joint venture to procure parts and will share technology.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to 18,507.

The Standard & Poor’s 500 index edged up 2 points, or 0.1 percent, to 2,182. The Nasdaq composite rose 17 points, or 0.3 percent, to 5,267.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.54 percent.

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9:35 a.m.

U.S. stocks indexes are mostly higher in early trading as traders look over the details of several corporate deals.

Spectra Energy jumped 11 percent early Tuesday after agreeing to be acquired by the Canadian company Enbridge for about $28 billion.

Truck maker Navistar soared 66 percent after Volkswagen’s truck and bus unit bought a stake in the company. The two companies will also enter a joint venture to procure parts and will share technology.

The Dow Jones industrial average rose 41 points, or 0.2 percent, to 18,538.

The Standard & Poor’s 500 index edged down 2 points, or 0.1 percent, to 2,177. The Nasdaq composite rose 11 points, or 0.2 percent, to 5,261.

Bond prices rose. The yield on the 10-year Treasury note slipped to 1.60 percent.

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