Economy

Stocks edge higher in early trading; Oracle slides

Stocks are slightly higher in early trading as the market heads for a week of solid gains.

Oracle slumped after the company's quarterly results fell short of Wall Street's forecasts. The Standard & Poor's 500 index rose two points, or 0.1 percent, to 1,961 in the first few minutes of trading Friday.

The Dow Jones industrial average gained 16 points, or 0.1 percent, to 16,938. The Nasdaq composite rose two points, or 0.1 percent, to 4,361. On Thursday, the S&P 500 index notched an all-time high for the second day in a row. The index is on track to gain 1.2 percent for the week.

U.S. government bonds prices slipped, pushing yields up. The yield on the 10-year note rose to 2.64 percent from 2.62 percent late Thursday.

Related Headlines

  • Patrick McKeon

    Stocks climb; Fourth straight gain for S&P 500

    Stocks are closing higher, giving the Standard & Poor's 500 index its fourth gain in a row. Investors were encouraged by a report that orders for big-ticket items unexpectedly ... 

  • Jason Hardzewicz

    Stocks open higher; Alcoa leads the way

    Stocks are opening higher on Wall Street as corporate earnings begin on a positive note. Aluminum maker Alcoa rose the most of major U.S. stocks after reporting earnings that ... 

  • US stocks move higher ahead of Fed minutes

    Stocks are moving higher as investors wait for the minutes from the Federal Reserve's most recent policy meeting. Tiffany rose 8 percent after the company said its earnings ... 

  • Stocks edge up after US jobs grow at healthy clip

    U.S. stocks are opening higher after the government said employers hired at a good clip for the fourth month in a row. Employers added 217,000 jobs in May, in line with what ... 

Find the best rates

Find your future job here