Specialist Michael Pistillo, left, and trader Thomas Ferrigno work on the floor of the New York Stock Exchange, Monday, Nov. 24, 2014. U.S. stocks rose in early trading in line with gains from Asian markets and thanks to improvement in German business confidence. (AP Photo/Richard Drew)
November 24, 2014 - 1:10 PM
NEW YORK, N.Y. - U.S. stocks are closing higher, keeping major indexes at record levels.
Retailers posted solid gains Monday ahead of the holiday shopping season. Coach rose 2.6 per cent after analysts at Stifel said the company was on the right track to strengthen its brand.
Big phone company stocks fell. Verizon lost 1.4 per cent and AT&T declined 1.6 per cent.
The Standard & Poor's 500 index gained six points, or 0.3 per cent, to 2,069.
The Dow Jones industrial average edged up seven points, less than 0.1 per cent, to 17,817. The Nasdaq composite rose 41 points, or 0.9 per cent, to 4,754.
The Dow and S&P 500 are at record highs.
Trading volume was light ahead of the Thanksgiving holiday Thursday.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.30 per cent.
News from © The Associated Press, 2014