US stocks move higher in abbreviated trading day

AP News
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Posted: Dec 24, 2014 11:49 AM
US stocks move higher in abbreviated trading day

Stocks are moving slightly higher a day after the Dow Jones industrial average closed above 18,000 for the first time.

Trading will close early Wednesday ahead of the Christmas holiday.

Traders were encouraged by the latest positive news on the U.S. economy.

The government reported before the market opened that the number of Americans applying for unemployment benefits is the lowest it's been in almost two months. That's a good sign for the job market.

The Dow rose 43 points, or 0.2 percent, to 18,067 as of 11:45 a.m. Eastern time.

The Standard & Poor's 500 index rose four points, or 0.2 percent, to 2,086. The Nasdaq composite rose 17 points, or 0.4 percent, to 4,783.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.29 percent.