Stocks open slightly higher on Wall Street, led by health

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BEIJING – Stocks are edging higher successful aboriginal trading connected Wall Street Wednesday and wellness attraction companies were starring the mode for the 2nd time successful a row. The S&P 500 was up 0.2% successful the aboriginal going, portion the Dow Jones Industrial Average and the Nasdaq were each up astir 0.1%. Abbott Laboratories, Biogen and Anthem roseate aft reporting quarterly results that bushed analysts’ expectations. Netflix fell 2.3% aft forecasting net for its existent 4th that were beneath analysts’ estimates. European and Asian markets were mixed, and crude lipid prices fell astir 1%. The output connected the 10-year Treasury edged up to 1.64%.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier communicative follows below.

Global banal markets were mixed Wednesday aft Wall Street precocious connected beardown firm net and Japanese exports weakened.

London and Shanghai declined portion Tokyo and Frankfurt advanced. The aboriginal for Wall Street's benchmark S&P 500 scale was disconnected little than 0.1% aft 5 days of gains.

“Market sentiment remains decidedly positive,” said Jeffrey Halley of Oanda successful a report.

Investors watched for ostentation updates from Britain and immoderate different European governments amid interest cardinal banks mightiness consciousness unit to hike involvement rates sooner than planned oregon rotation backmost stimulus.

In aboriginal trading, the FTSE 100 successful London mislaid little than 0.1% to 7,210.74. The DAX successful Frankfurt roseate 0.2% to 15,552.62 portion the CAC 40 successful Paris declined little than 0.1% to 6,667.52.

On Wall Street, the aboriginal for the Dow Jones Industrial Average was up little than 0.1%.

On Tuesday, the S&P 500 roseate 0.7% to wrong 0.4% of its Sept. 2 all-time high. The Dow and the Nasdaq composite precocious little than 0.1%.

The Nikkei 225 successful Tokyo gained 0.1% to 29,255.55 aft authorities information showed September exports fell 3.9% compared with the erstwhile month.

The Kospi successful Seoul shed 0.5% to 3,013.13 portion Sydney's S&P-ASX 200 precocious 0.5% to 7,413.70.

India's Sensex opened little than 0.4% higher astatine 61,469.75. New Zealand and Bangkok precocious portion Singapore declined.

Wall Street's gains Tuesday were propelled by tech and wellness attraction stocks.

Johnson & Johnson, the biggest shaper of wellness products, roseate 2.3% aft reporting beardown quarterly net and raising its nett forecast for the year.

Apple Inc. roseate 1.5% and bundle shaper Adobe gained 2.1%.

Investors interest disruptions to manufacturing proviso chains and shipping owed to the coronavirus pandemic whitethorn depress firm profits oregon propulsion up inflation.

Procter & Gamble fell 1.2% aft saying it volition rise prices amid higher commodity and freight costs.

Overall, analysts polled by FactSet forecast net maturation of 30% for the S&P 500, up from 23% successful June.

Surging vigor prices are rising concerns astir a proviso crunch that mightiness clasp backmost an economical recovery.

Also Tuesday, the Commerce Department reported that U.S. home operation fell 1.6% successful September. Beazer Homes fell 2.7% and Hovnanian Enterprises fell 3%.

In vigor markets, benchmark U.S. crude mislaid 80 cents to $81.64 per tube successful physics trading connected the New York Mercantile Exchange. Brent crude, the terms ground for planetary oils, mislaid 82 cents to $84.26 per tube successful London.

The dollar roseate to 114.35 yen from Tuesday's 114.31 yen. The euro declined to $1.1628 from $1.1640.

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