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30 industrials 18073.59 up 20.01 or 0.11 percent

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At the half hour the Dow was UP 20.01 at 18073.59.

AP-Nasdaq

At the half hour the Nasdaq Composite Index was UP 15.00 at 5119.89.

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New York () — -- Here are the latest readings of the major market indexes:

Banks rise as Yellen confirms Fed expects to raise rates

NEW YORK (AP) — Shares of banks rose Wednesday morning as Federal Reserve Chain Janet Yellen told Congress the central bank is likely to raise interest rates this year and as some of the largest banks reported encouraging second-quarter results.

Amazon Studios acquiring Spike Lee film as its 1st release

NEW YORK (AP) — Amazon Studios says it has acquired Spike Lee's new film as its first Amazon Original Movie.

Bank of Canada cuts key interest rate to 0.5 percent

OTTAWA, Ontario (AP) — Canada's central bank has cut its key interest rate as it slashed its economic outlook and predicted a pullback in the second quarter due to the impact of lower oil prices and weaker demand for exports.

Grain lower, livestock mixed

CHICAGO (AP) — Grain futures were lower Wednesdday in early trading on the Chicago Board of Trade.

Apple's iPod Touch update brings faster chip, better cameras

NEW YORK (AP) — Apple is updating its iPod Touch music player for the first time in nearly three years, as the company seeks to make music a central part of its devices once again.

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30 industrials 18082.91 up 29.33 or 0.16 percent

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New York () — -- Here are the latest readings of the major market indexes:

Blast at aerospace plant leads to major damage, 5 injuries

NEWPORT, Wash. (AP) — A "very significant" explosion rocked an aerospace plant in northeast Washington, toppling large pieces of machinery, lifting an entire floor off its foundation and seriously injuring five people, authorities said.