A weak showing by IBM also weighed on technology stocks Wednesday and tugged the Dow Jones industrial average lower. More stocks fell than rose on the New York Stock Exchange. ___11:45 a.m.U.S. indexes are mostly higher in midday trading, led by gains in retailers and health care stocks. Investment bank Morgan Stanley jumped 3.3 percent in the first few minutes of trading Wednesday after reporting higher earnings than analysts were expecting, thanks partly to strong trading results. Higher yields allow banks to charge higher interest rates on loans.
Source: New Zealand Herald April 19, 2017 13:48 UTC