Markets Right Now: Tech stocks lead US indexes higher

The latest on developments in financial markets (All times local):11:45 a.m.

Stocks are moving higher in midday trading, led by gains in technology companies, which have outpaced the market all year.

Health care companies were also higher Wednesday, while banks and energy stocks lagged behind.

Western Digital rose 2.5 percent after the hard drive maker resolved a dispute with its partner Toshiba over Toshiba's plan to sell its flash memory business.

Traders were looking ahead to an announcement Wednesday afternoon on interest rates from the Federal Reserve.

The Standard & Poor's 500 index rose 6 points, or 0.2 percent, to 2,670.

The Dow Jones industrial average climbed 151 points, or 0.6 percent, to 24,656.