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

4:00 p.m.

Stocks are closing higher, led by gains in banks and materials companies.

JPMorgan Chase climbed 2 percent Thursday after the bank reported earnings that were better than analysts were expecting, thanks to a jump in trading revenue.

Shares of Japanese messaging app Line soared 27 percent on their first day of trading.

The Dow Jones industrial average rose 134 points, or 0.7 percent, to 18,506.

The Standard & Poor's 500 index gained 11 points, or 0.5 percent, to 2,163. The Nasdaq composite increased 28 points, or 0.6 percent, to 5,034.

The Dow and S&P 500 remain at record highs, but the Nasdaq is barely positive for the year.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.53 percent.

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11:45 a.m.

Stocks are heading higher in midday trading, led by gains in banks and industrial companies.

JPMorgan Chase climbed 2 percent Thursday after the bank reported earnings that were better than analysts were expecting, thanks to a jump in trading revenue.

Shares of Japanese messaging app Line soared 26 percent on their first day of trading.

The Dow Jones industrial average rose 143 points, or 0.8 percent, to 18,515.

The Standard & Poor's 500 index gained 12 points, or 0.6 percent, to 2,164. The Nasdaq composite increased 28 points, or 0.6 percent, to 5,033.

The Dow and S&P 500 remain at record highs, but the Nasdaq is barely positive for the year.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.52 percent.

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9:35 a.m.

Stocks are heading solidly higher in early trading on Wall Street, led by gains in banks and industrial companies.

JPMorgan Chase climbed 2 percent Thursday after the bank reported earnings that were better than analysts were expecting, thanks to a jump in trading revenue.

KFC owner Yum Brands climbed 4 percent after its profit beat forecasts.

The Dow Jones industrial average rose 126 points, or 0.7 percent, to 18,499.

The Standard & Poor's 500 index gained 12 points, or 0.6 percent, to 2,165. The Nasdaq composite increased 29 points, or 0.6 percent, to 5,034.

The Dow and S&P 500 remain at record highs.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.55 percent.