Economy

US stocks are rising despite geopolitical trouble

NEW YORK (AP) — U.S. stocks are trading higher as investors weigh gains in productivity against worsening geopolitical concerns.

The higher prices in the U.S. are bucking a move down in European and Asian markets as U.S. fighter planes dropped bombs on Islamic State militants in northern Iraq. The Dow Jones industrial average rose 67 points, or 0.4 percent, to 16,435 in midday trading Friday.

The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,917. The Nasdaq composite rose 11 points, or 0.3 percent, to 4,346. Investors sought safety in U.S. Treasurys, driving the yield on the benchmark 10-year note to its lowest level since June 2013. The yield fell to 2.38 percent from 2.41 percent late Thursday.

Related Headlines

  • James Dresch

    An early rally fades on the US stock market

    U.S. stocks are turning mostly lower in midday trading, erasing an early gain. Genworth Financial sank 12 percent and Goodyear Tire & Rubber fell 7 percent after turning in ... 

  • George Washington statue, New York Stock Exchange

    US indexes turn lower at midday; Energy slips

    U.S. stocks are giving up an early gain and turning lower in midday trading. The Dow Jones industrial average fell 45 points, or 0.3 percent, to 16,967 as of noon Eastern time ... 

  • 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. 

Find the best rates

Find your future job here