Markets Right Now: Dow, S&P 500 open at record highs

Markets Associated Press

The latest on developments in financial markets (All times local):

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9:35 a.m.

Stocks are opening slightly higher on Wall Street, led by gains in safe-play stocks like phone companies and utilities.

Technology stocks were also higher in the first few minutes of trading Tuesday, and energy companies also rose.

The early gains kept the Dow Jones industrial average and the Standard & Poor's 500 index at record highs. The Nasdaq composite was just a few points below its own all-time high.

Boeing rose the most of the 30 stocks in the Dow after the company announced a dividend increase and an expansion of its stock buyback program late Monday.

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The Dow was up 83 points, or 0.4 percent, to 19,883. The S&P 500 rose 11 points, or 0.5 percent, to 2,268 and the Nasdaq gained 36 points, or 0.7 percent, to 5,449.