Stock market edges higher in midday trading

The Associated Press

U.S. stock indexes are slightly higher in quiet trading.

Chip maker Avago Technologies jumped 9 percent after reporting earnings that beat analysts’ estimates.

The latest reports on the U.S. economy were mixed. Consumer sentiment improved in August, while spending fell and income growth slowed in July.

The Dow Jones industrial average rose 21 points, or 0.1 percent, to 17,101 as of noon Eastern time Friday, ahead of the Labor Day weekend in the U.S.

The Standard & Poor’s 500 rose six points, or 0.3 percent, to 2,003. The Nasdaq composite rose 20 points, or 0.5 percent, to 4,578.

Bond prices barely budged. The yield on the 10-year Treasury note held at 2.34 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up