Markets Right Now: Stocks rise after tariff hike postponed

Markets Right Now: Stocks rise after tariff hike postponed
FILE- In this Feb. 8, 2019, file photo trader Daniel Trimble works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Feb. 25. (AP Photo/Richard Drew, File)

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

9:35 a.m.

Stocks are opening broadly higher on Wall Street after President Donald Trump agreed to hold off on raising tariffs on Chinese imports as trade talks progress.

Technology and industrial companies led the way higher early Monday.

General Electric jumped 14.8 percent after agreeing to sell a biotech business to Danaher for .4 billion as the once-sprawling conglomerate continues to slim down.

The S&P 500 index rose 16 points, or 0.6 percent, to 2,809.

The Dow Jones Industrial Average rose 173 points, or 0.7 percent, to 26,205. The Nasdaq added 65 points, or 0.9 percent, to 7,594.

Bond prices fell. The yield on the 10-year Treasury rose to 2.68 percent.