NEW YORK (AP) — Big gains by retailers are lifting the stock market in midday trading, putting the market on track for its best week of the year.
Ross Stores led the way higher Friday, gaining 8 percent after reporting results that were far better than analysts were expecting.
Nike jumped 4 percent after announcing a dividend increase, a stock buyback and a stock split.
The Dow Jones industrial average rose 111 points, or 0.6 percent, to 17,843 as of 11:55 a.m. Eastern time.
The Standard & Poor’s 500 index rose 11 points, or 0.6 percent, to 2,093. The Nasdaq composite climbed 25 points, or 0.5 percent, to 5,099.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.23 percent.
Join the conversation about this story »
from WordPress http://ift.tt/1T4dwNl
No comments:
Post a Comment