AP wire

Markets Right Now: Retailers, tech lead early stock gains

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

9:35 a.m.

U.S. stocks are opening mostly higher, with retailers and technology companies making some of the biggest gains.

Pharmacy benefits manager Express Scripts jumped 16 percent Thursday after it agreed to be bought by health insurer Cigna for $52 billion. Cigna slid 6 percent.

Grocery chain Kroger tumbled 8 percent after its annual profit forecast fell short of Wall Street's estimates.

Traders will be watching to see if President Donald Trump announces tariffs on steel and aluminum imports later in the day.

The Standard & Poor's 500 index rose 10 points, or 0.4 percent, to 2,736.

The Dow Jones industrial average climbed 130 points, or 0.5 percent, to 24,931. The Nasdaq composite rose 33 points, or 0.5 percent, to 7,430.

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