US stocks push further into record territory

AP News
Posted: Feb 28, 2014 9:55 AM

NEW YORK (AP) — U.S. stocks are opening higher, pushing the market further into record territory.

The Standard & Poor's 500 index is on track to close up about 4 percent for February, retracing its losses from the month before.

A report on business activity in the Midwest came in better than economists were expecting.

The S&P 500 rose four points, or 0.3 percent, to 1,858 in early trading Friday. Nine of the 10 industry sectors in the index rose. The index closed at a record high the day before.

The Dow Jones industrial average rose 37 points, or 0.2 percent, to 16,308. The Nasdaq composite rose 13 points, or 0.3 percent, to 4,332.

Bond prices fell. The yield on the 10-year Treasury note increased to 2.69 percent from 2.64 percent late Thursday.