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

4:00 p.m.

Stocks closed modestly higher on Wall Street, notching record highs for several major U.S. indexes.

Gains for big technology and health care companies drove the market higher Friday. Microsoft climbed 1.4 percent and Amgen increased 1.2 percent.

Banks lagged the rest of the market. JPMorgan Chase fell 0.9 percent after saying it expects weaker interest income going forward.

Big-dividend stocks like utilities and real estate companies rose as bond yields fell. Real estate company GGP gained 2.9 percent.

The Standard & Poor's 500 index added 11 points, or 0.5 percent, to 2,459.

The Dow Jones industrial average rose 84 points, or 0.4 percent, to 21,637. The Nasdaq composite rose 38 points, or 0.6 percent, to 6,312.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.32 percent.

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11:45 a.m.

U.S. stocks edged higher in midday trading, led by gains in technology and health care companies.

Banks lagged the rest of the market Friday. JPMorgan Chase fell 1.6 percent after saying it expects weaker interest income going forward.

Big-dividend stocks like utilities and real estate companies rose as bond yields fell. Real estate company GGP gained 1.8 percent.

The Standard & Poor's 500 index added 4 points, or 0.2 percent, to 2,452.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to 21,569. The Nasdaq composite rose 20 points, or 0.3 percent, to 6,295.

Bond prices jumped. The yield on the 10-year Treasury note fell to 2.33 percent.

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9:35 a.m.

U.S. stocks are off to a mixed start as big-dividend stocks like utilities and real estate companies rise and banks plunge.

Investors bought bonds and high-yield stocks Friday after the Commerce Department said retail sales fell in June.

Real estate company GGP gained 1.8 percent.

Bond prices jumped. The yield on the 10-year Treasury note fell to 2.29 percent. That hurts interest rates and the profits banks make on lending.

JPMorgan Chase and Citigroup both beat Wall Street expectations in the second quarter, but JPMorgan fell 2.4 percent and Citigroup lost 1.6 percent.

The Standard & Poor's 500 index added 2 points, or 0.1 percent, to 2,450.

The Dow Jones industrial average lost 6 points to 21,546. The Nasdaq composite rose 14 points, or 0.2 percent, to 6,288.