Markets Right Now: Stocks open higher on Wall Street
The latest on developments in financial markets (all times local):
Stocks are starting higher on Wall Street, putting the S&P 500 to expand its winning streak.
9% dropped after the electrical automobile maker said just 63,000 vehicles were delivered by it at the first quarter, down 31% from the last quarter. Its manufacturing figures were far below the rate required to meet its objective of earning.
The S&P 500 climbed 8 points, or 0.3%, to 2,875.
The Nasdaq climbed 37 points, or 0.5%, to 7,887.
Bond prices dropped. The return on the benchmark 10-year Treasury climbed to 2.52%.