NEW YORK — The latest on developments in financial markets (all times local):9:35 a.m.Stocks shook off an early stumble and edged higher on Wall Street led by gains in technology and health care companies.Apple rose 1.8% Tuesday and Merck climbed 1.1%.U.S. indexes are still down about 3% for the month as investors are unsettled by trade tensions between the U.S. and China, protests in Hong Kong and political instability in Argentina.The S&P 500 rose 12 points, or 0.4%, to 2,895.The Dow Jones Industrial Average rose 92 points, or 0.3%, to 25,981. The Nasdaq rose 39 points, or 0.5%, to 7,905.Bond prices fell. The yield on the 10-year Treasury rose to 1.65%.The Associated Press
The disarmament of Iraq through the inspection process is an alternative to the avenue of armed conflict, the chief United Nations arms inspector, Hans Blix, said today in Vienna, where he made a brief stopover on his way to Baghdad for further talks with Iraqi officials this weekend.”I think everybody would like to see effective inspections to be the way to disarmament,” Mr. Blix, Executive Chairman of UN Monitoring, Verification and Inspection Commission (UNMOVIC), said in an address to a group of inspector trainees. “This is certainly the wish of the Arab world, all Europeans and I’m convinced also of [US] President Bush and [UK Prime Minister Tony] Blair.”The group of 57 men and women from 22 countries, having completed their three-week training course, are going back to their respective countries and are now on a roster from which UNMOVIC can draw personnel for future inspections.In his statement, Mr. Blix also stressed that the disarmament process requires active cooperation from Iraq, both on process and substance. “We had eight years there when a lot was achieved, but we would like to have a disarmament that is quicker than that,” the Executive Chairman said. “The world is not going to wait another eight years.”Mr. Blix and Mohamed ElBaradei, Director-General of the International Atomic Energy Agency (IAEA), are expected to arrive tomorrow in Baghdad, where they will hold two days of talks with senior Iraqi officials. A press conference is scheduled for the conclusion of the discussions on Sunday evening.