NEW YORK (AP) — The latest on developments in financial markets (All times local):
1:00 p.m.
Stocks are closing higher on Wall Street, continuing a record-setting run for major U.S. indexes.
Trading ended early Friday, the day after the Thanksgiving holiday in the U.S.
The Dow Jones industrial average and other major market benchmarks renewed record highs, though trading was relatively quiet.
Safe-play stocks like utilities and phone companies posted solid gains. Dominion Resources gained 1.5 percent and AT&T rose 1.2 percent.
Energy companies fell along with the price of oil. ConocoPhillips gave up 1.2 percent.
The Dow rose 68 points, or 0.4 percent, to 19,152. The Standard & Poor's 500 index climbed 8 points, or 0.4 percent, to 2,213. The Nasdaq composite added 18 points, or 0.3 percent, to 5,398.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 percent.
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11:45 a.m.
Stocks are edging higher in midday trading as the market continues a record-setting run.
The Dow Jones industrial average and other major indexes were trading at record highs Friday, though trading was relatively quiet as investors returned from the Thanksgiving holiday.
Safe-play stocks like utilities and phone companies were among the biggest winners. Dominion Resources gained 1.2 percent and AT&T rose 1 percent.
Energy companies fell along with the price of crude oil. ConocoPhillips gave up 2 percent.
The Dow was up 54 points, or 0.3 percent, to 19,137. The Standard & Poor's 500 index climbed 5 points, or 0.3 percent, to 2,210. The Nasdaq composite added 12 points, or 0.2 percent, to 5,392.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.38 percent.
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9:35 a.m.
Stocks are edging higher in early trading as the market continues a record-setting run.
The Dow Jones industrial average and the Standard & Poor's 500 index opened at record highs Friday, as did the Russell 2000 index of small-company stocks.
Trading was relatively quiet as traders returned from the Thanksgiving holiday in the U.S.
Safe-play stocks like utilities and phone companies were among the biggest winners in early trading. Banks and energy companies fell.
The Dow was up 38 points, or 0.2 percent, to 19,122 shortly after the opening bell. The S&P 500 index rose 2 points, or 0.1 percent, to 2,207. The Nasdaq composite was little changed at 5,381.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.36 percent.
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