https://apnews.com/d32ac968082ba12121b28a2c998e83e7

NEW YORK (AP) — Stocks are opening higher on Wall Street led by gains in technology companies and banks. Sprint soared after a federal judge removed a major obstacle to T-Mobile's takeover of the company. Under Armour plunged after the athletic gear maker said it anticipates a big financial hit from the viral outbreak in China The price of oil also rose. The S&P 500 rose 12 points, or 0.4%, to 3,364. The Dow Jones Industrial Average rose 74 points, or 0.2%, to 29,350 and the Nasdaq rose 34 points, or 0.3%, to 9,659. Bond prices fell. The 10-year Treasury yield rose to 1.58%.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.