Economy

Stocks move higher; S&P 500 heading for a record

NEW YORK (AP) — U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close.

Traders were encouraged by the latest encouraging sign in the U.S. job market, a decline last week in the number of people applying for unemployment benefits. The S&P 500 rose four points, or 0.3 percent, to 1,990 as of noon Eastern time Thursday.

The Dow Jones industrial average gained 67 points, or 0.4 percent, to 17,045. The Nasdaq composite was flat at 4,526. Hewlett-Packard rose 5 percent after the company reported its first sales increase in nearly three years.

Sears fell 7 percent after the company reported that its loss doubled in the latest quarter. Bond prices rose. The yield on the 10-year Treasury note fell to 2.42 percent.

Related Headlines

  • US stocks move higher after holiday weekend

    The U.S. stock market is moving higher as traders return from a long holiday weekend. Investors were encouraged by a report that orders for big-ticket items unexpectedly rose ... 

  • James Dresch

    Strong earnings news, US growth lift stocks

    U.S. stocks are opening higher after several companies reported better earnings than investors were expecting. Traders were also encouraged by the U.S. government's initial ... 

  • William McInerney

    Stocks rise as manufacturing gains; Netflix rises

    U.S. stocks are gaining after reports showed that manufacturing in the U.S. and China expanded in June. Netflix rose 6 percent after analysts at Goldman Sachs raised their ... 

  • 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 ... 

Find the best rates

Find your future job here