Markets Right Now: Tech, bank stocks lead US indexes higher
NEW YORK (AP) — The latest on developments in financial markets (all times local):
11:45 a.m.
Strong gains in technology companies and banks are leading stocks higher as the market recoups some of its huge losses from last week.
Microsoft jumped 5.6 percent in midday trading and Bank of America rose 2.8 percent.
Facebook fell another 2.9 percent after the Federal Trade Commission said it was investigating the company's privacy practices.
Investors are encouraged by signs that the U.S. and China are open to negotiating to avert a trade dispute.
The Dow Jones industrial average was up 325 points, or 1.4 percent, at 23,856. It lost more than 1,400 points last week as traders worried that trade tensions between China and the U.S.