US stocks edge mostly higher in early trading

AP News
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Posted: Feb 25, 2016 9:43 AM
US stocks edge mostly higher in early trading

NEW YORK (AP) — Stocks are eking out slight gains in early trading as the market builds on a modest climb from the day before.

Several companies were moving higher in early trading Thursday after reporting encouraging results and outlooks.

Salesforce.com jumped 9 percent after delivering a strong forecast for the year, and Newfield Exploration rose 6 percent after its earnings came in ahead of what analysts were expecting.

The Dow Jones industrial average edged up 31 points, or 0.2 percent, to 16,516 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index rose two points to 1,932. The Nasdaq composite was little changed at 4,541.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.72 percent.