Markets Right Now: US edge higher in midday trading

AP News
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Posted: Jul 01, 2016 12:02 PM

NEW YORK (AP) — The latest on developments in global financial markets (all times local):

11:45 a.m.

U.S. stocks are edging higher in midday trading as the market extends its gains to a fourth day.

Consumer-focused stocks rose more than the rest of the market Friday. Home Depot rose 2 percent and Netflix moved up 5 percent.

The Dow Jones industrial average was up 46 points, or 0.3 percent, to 17,976.

The Standard & Poor's 500 index gained 6 points, or 0.3 percent, to 2,104. The Nasdaq composite climbed 26 points, or 0.5 percent, to 4,868.

Bond prices didn't move much. The yield on the 10-year Treasury note held steady at 1.47 percent.

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9:35 a.m.

U.S. stocks are edging higher in early trading as the market loses momentum after a three-day rally.

Consumer-focused stocks rose more than the rest of the market early Friday. Amazon and Home Depot each rose 1 percent and Netflix moved up 4 percent.

The Dow Jones industrial average was up 18 points, or 0.1 percent, to 17,946.

The Standard & Poor's 500 index gained 3 points, or 0.2 percent, to 2,101. The Nasdaq composite climbed 12 points, or 0.3 percent, to 4,855.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.43 percent.