US stock indexes are slightly higher a day after a drop

AP News
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Posted: May 07, 2015 11:58 AM
US stock indexes are slightly higher a day after a drop

NEW YORK (AP) — U.S. stock prices are moderately higher in midday trading, recovering from a sell-off the day before.

Investors remained cautious following comments a day earlier from Federal Reserve Chair Janet Yellen, who suggested that stock prices might be too high.

The Dow Jones industrial average rose 68 points, or 0.4 percent, to 17,910 as of 11:45 a.m. Eastern time Thursday. The index is coming off of two days of losses and is barely positive for the year.

The Standard & Poor's 500 gained six points, or 0.3 percent, to 2,086. The Nasdaq composite increased 21 points, or 0.4 percent, to 4,940.

Whole Foods Market slumped 10 percent after its sales fell short of analysts' estimates.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.21 percent.