Finance

Stocks manage small gains; Dow, S&P 500 at records

Stocks are holding on to small gains, enough to mark the latest record high closes for major indexes.

The market notched another weekly increase. The Standard & Poor's 500 ended the week up 1.4 percent and has risen five out of the last six weeks. CarMax vaulted 17 percent after the auto dealership operator reported strong earnings growth.

The S&P 500 rose three points, or 0.2 percent, to close at 1,962 Friday. The Dow Jones industrial average gained 25 points, or 0.2 percent, to 16,947. The Nasdaq rose eight points, or 0.2 percent, to 4,368.

The Dow and S&P 500 are at record highs. The Nasdaq is still well below its dot-com era peak of just over 5,000 points. The yield on the 10-year Treasury note fell to 2.61 percent.

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