Markets Right Now: Dow, S&P 500 notch record highs

NEW YORK - The latest on developments in financial markets (All times local):

4 p.m.

Stocks are closing at more record highs on Wall Street as technology and industrial companies and banks post gains.

Apple added 1 per cent Friday, while Boeing moved up 1.5 per cent.

The Dow Jones industrial average and Standard & Poor's 500 index closed at record highs. The S&P 500, the benchmark for many index funds, had it best week since the first week of the year.

Business software maker Oracle slumped 7.7 per cent after issuing a disappointing forecast for its cloud computing business.

The S&P 500 index rose 4 points, or 0.2 per cent, to 2,500. It rose 1.6 per cent for the week.

The Dow added 64 points, or 0.3 per cent, to 22,268. The Nasdaq composite increased 19 points, or 0.3 per cent, to 6,448.

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11:45 a.m.

U.S. stocks are edging higher in midday trading on Wall Street, led by more gains for technology and industrial companies.

Apple added 1.4 per cent Friday, while Boeing moved up 1.5 per cent.

The gains put the Dow Jones industrial average on track for another record high.

Business software maker Oracle slumped 6.5 per cent after issuing a disappointing forecast for its cloud computing business.

The Standard & Poor's 500 index was up 2 points, or 0.1 per cent, to 2,498.

The Dow rose 50 points, or 0.2 per cent, to 22,253. The Nasdaq composite increased 24 points, or 0.4 per cent, to 6,453.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.20 per cent.

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9:35 a.m.

U.S. stock indexes are inching mostly higher in early trading on Wall Street as more gains for Boeing send the Dow Jones industrial average above the record high it reached a day earlier.

Other major indexes were little changed in the first few minute of trading on Friday. Health care stocks were higher, while technology companies fell.

Business software maker Oracle slumped 5.7 per cent after issuing a disappointing forecast for its cloud computing business.

The Standard & Poor's 500 index was down a fraction of a point at 2,495.

The Dow rose 34 points, or 0.2 per cent, to 22,237. The Nasdaq composite fell 4 points, or 0.1 per cent, to 6,423.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.20 per cent.


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