Stocks drift higher; S&P 500 holds at 2,000 points
08/27/2014 11:05 AM
08/27/2014 11:09 AM
U.S. stock indexes edged higher in midday trading Wednesday, drifting slightly from a record high set the day before.
Trading was light ahead of the Labor Day holiday as investors sifted through company earnings and deal news.
Express rose 12 percent after the clothing retailer’s results beat financial analysts’ expectations. Tiffany rose 1 percent after its latest quarterly income also exceeded forecasts.
The Standard & Poor’s 500 index edged up half a point to 2,000 as of noon Eastern time Wednesday. It closed above 2,000 points for the first time the day before.
The Dow Jones industrial average rose 12 points, or 0.1 percent, to 17,119. The Nasdaq rose two points, or 0.1 percent, to 4,572.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 percent.
Join the Discussion
The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.