Markets Right Now: Banks Inventory indexes

The Most Recent on developments in financial markets (all times local):

4 p.m.

Stocks eked out modest gains on Wall Street, enough to drive on the S&P 500 and Nasdaq indexes a bit farther into record territory.

Banks and communications firms did the finest offsetting weakness like utilities and property in firms and retailers.

Bank of America climbed 1.4% and Facebook additional 1.7%. Simon Property Group dropped 1.6%.

Occidental Petroleum dropped 1.9percent after Anadarko stated it might consider Occidental’s buyout offer. Anadarko has accepted a bid.

Even the S&P 500 index rose 3 points, or 0.1 percent, to 2,943.

The Dow Jones Industrial Average climbed 11 points, less than 0.1%, to 26,554. The Nasdaq increased 15 points, or 0.2%, to 8,161.

Bond prices fell. The yield on the 10 year Treasury rose to 2.53 percent.

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11:45 a.m.

Stocks are edging mostly higher by communications and banks firms outweigh weakness everywhere.

The profits were held by Differences among energy businesses and retailers on Monday in check.

Bank of America rose 2.3percent and Facebook additional 1%. O’Reilly Automotive dropped 1.1%.

Anadarko stated it would think about a buyout offer from Occidental Petroleum. Occidental dropped 2.1%.

The S&P 500 index climbed 4 points, or 0.1 percent, to 2,944. Last week, the S&P 500 closed at two record highs.

The Dow Jones Industrial Average rose 17 points, or 0.1 percent, to 26,561. The Nasdaq increased 11 points, or 0.1 percent, to 8,157.

Bond prices dropped. The yield on the 10 year Treasury rose to 2.53%.

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9:35 a.m.

Stocks are edging mainly higher in early trading on Wall Street as communications companies and banks post gains.

The benefits were held by losses in healthcare and energy firms on Monday from test.

Bank of America climbed 1.7% and Facebook added 1%.

Anadarko said it would think about a buyout deal from Occidental Petroleum. 2 percent were dropped by occidental.

The S&P 500 index rose 3 points, or 0.1%, to 2,943.

The Dow Jones Industrial Average was altered at 26,540. The Nasdaq climbed 12 points, or 0.2 percent, to 8,159.

Bond prices dropped. The yield on the 10 year Treasury rose to 2.52 percent.