Markets Right Now: Tech gains leads stocks mostly higher
NEW YORK (AP) — The latest on developments in financial markets (all times local):
11:45 a.m.
Stocks are mostly higher in midday trading on Wall Street as gains for technology companies offset losses elsewhere in the market.
Chipmakers posted some of the biggest gains Tuesday after Qualcomm raised its bid for NXP Semiconductors. NXP jumped 6 percent.
Walmart plunged 9 percent, dragging other retailers down with it, after reporting a disappointing quarter and weaker online sales than investors were expecting.
The market is coming off a six-day winning streak. Trading was closed Monday for Presidents Day.
The Standard & Poor's 500 index rose 2 points, or 0.1 percent, to 2,734.
The Dow Jones industrial average fell 76 points, or 0.