Stocks manage small gains; Dow and Standard & Poor’s 500 index renew records; CarMax soars
Stocks are holding on to small gains, enough to mark the latest record high closes for major indexes.
The market notched another weekly increase. The Standard & Poor’s 500 ended the week up 1.4 per cent and has risen five out of the last six weeks.
CarMax vaulted 17 per cent after the auto dealership operator reported strong earnings growth.
The S&P 500 rose three points, or 0.2 per cent, to close at 1,962 Friday.
The Dow Jones industrial average gained 25 points, or 0.2 per cent, to 16,947.
The Nasdaq rose eight points, or 0.2 per cent, to 4,368.
The Dow and S&P 500 are at record highs. The Nasdaq is still well below its dot-com era peak of just over 5,000 points.
The yield on the 10-year Treasury note fell to 2.61 per cent.
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