Economy

Stocks edge higher; Dow reaches another record

NEW YORK (AP) — Stocks are closing slightly higher, enough to send the Dow Jones industrial average to another all-time high.

A day of back-and-forth trading left U.S. indexes with modest gains. The Dow rose 32 points, or 0.2 percent, to end at 16,583 Friday. That's about three points above the latest record high it reached on April 30.

The Standard & Poor's 500 index rose two points, or 0.2 percent, to 1,878. The Nasdaq composite ended 20 points higher, or 0.5 percent, at 4,071. First-quarter earnings reports for U.S. companies are winding down.

Symantec rose 3 percent after the security software maker said cost cuts helped boost its profit margins. Ralph Lauren fell 2 percent after its revenue forecast disappointed investors. The yield on the 10-year Treasury note held steady at 2.62 percent.

Related Headlines

  • Stocks slip, pulling Dow back near 17,000

    U.S. stocks are closing slightly lower after hitting their latest record highs last week. The Dow Jones industrial average fell 44 points, or 0.3 percent, to 17,024 Monday. 

  • US stocks buoyed after Fed continues low rates

    U.S. stocks are opening higher a day after the Federal Reserve made clear it would keep interest rates at record lows for a while. The Dow Jones industrial average rose 29 ... 

  • US stocks move lower; Deere sinks

    U.S. stocks are closing lower a day after the market hit its latest all-time high. Investors favored safer stocks over riskier ones. U.S. government bonds also rallied. 

  • US stocks end lower after bank scare in Europe

    U.S. stocks are ending lower as fears about the health of a European bank weigh on the market. The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at ... 

Find the best rates

Find your future job here