NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening mostly higher in early trading on Wall Street Wednesday, led by technology and industrial companies.
After gaining 23% Tuesday, mobile chipmaker Qualcomm is up another 17% after it settled a legal dispute with Apple. In a related move, Intel is pulling out of the smartphone modem market. Its shares are rising 2.4%.
T-Mobile and Sprint are both lower on reports the Justice Department is questioning their proposed merger.
Among companies reporting quarterly results, IBM is down 5% while United Continental is up 4% and Netflix shares are flat.
The S&P 500 index is up 5 points, or 0.2%, to 2,912.
The Nasdaq is up 35 points, or 0.5%, to 8,044. However, the Dow Jones Industrial Average is down 21 points, or 0.1%, to 26,431.