Stocks drift higher; S&P 500 holds on to 2,000

The Associated Press

Stocks are drifting mostly higher as a main U.S. index sets a record for a third day in a row.

The Standard & Poor’s 500 eked out a gain of one-tenth of a point, enough to set another all-time high. The index closed at 2,000.12 points, a day after its first close above 2,000.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to 17,122. The Nasdaq composite edged down a point to 4,569.

Trading was quiet ahead of the Labor Day holiday weekend in the U.S. with many investors away on vacation. Trading volume was about one-third below average.

Express rose 13 percent after the clothing retailer’s results beat financial analysts’ expectations.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.36 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up