Markets Right Now: Walmart leads early advance for stocks

Markets Right Now: Walmart leads early advance for stocks
FILE- In this April 26, 2018, file photo, Vincent Pepe enjoys some fresh air outside the New York Stock Exchange where he works trading cotton shares for VLM Commodities in the Financial District in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Aug 16. (AP Photo/Kathy Willens, File)

NEW YORK (AP) — The latest on developments in financial markets (all times local):

9:35 a.m.

Strong results from Walmart and hopes for progress on trade with China are helping to send stock prices higher in early trading.

Walmart jumped 10 percent early Thursday after reporting stronger sales growth, including online. It also raised its forecasts for the year.

Investors were encouraged to see that China was sending a trade envoy to Washington, which would be the first talks between the two countries since June.

The S&P 500 index rose 19 points, or 0.7 percent, to 2,837.

The Dow Jones Industrial Average rose 279 points, or 1.1 percent, to 25,440. The Nasdaq composite rose 48 points, or 0.6 percent, to 7,825.

Bond prices fell. The yield on the 10-year Treasury rose to 2.86 percent.