Economy

Stocks open higher, head for solid weekly gains

NEW YORK (AP) — Stocks are higher in early trading as the market gets set to close out a turbulent week with solid gains.

The Standard & Poor's 500 index rose nine points, or 0.5 percent, to 1,881 in the first few minutes of trading Friday. The Dow Jones industrial average rose 74 points, or 0.4 percent, to 16,405. The Nasdaq composite rose eight points, or 0.2 percent, to 4,238.

All three major U.S. indexes are up 2 percent for the week. Nike fell 4 percent after the company said a stronger U.S. dollar will dampen its sales this quarter. Bond prices were little changed. The yield on the 10-year Treasury note held steady at 2.77 percent.

Related Headlines

  • Stock market heads higher after jobs report

    News that U.S. employers added workers at a good clip for the fourth straight month helped send the stock market higher Friday. The Standard & Poor's 500 index notched another ... 

  • S&P 500 posts its sixth straight quarterly gain

    U.S. stocks are closing out another strong quarter, giving the Standard & Poor's 500 index its sixth straight quarterly gain. The market was mixed on the day as trading was ... 

  • Stocks stabilize, but end down for the week

    U.S. stocks stabilized and ended with a small gain Friday, but it wasn't enough to prevent the market's biggest weekly drop since April. Investors became more cautious this ... 

  • Gregory Rowe

    An early gain fades on Wall Street

    An early surge on the stock market evaporated Friday, as health care stocks tugged major indexes down. Biotech companies were especially hard-hit after U.S. 

Find the best rates

Find your future job here