Topics

Federal Reserve

Stocks edge higher, led by consumer companies and banks

Stocks edge higher, led by consumer companies and banks

U.S. stocks made small gains Friday morning as banks and consumer products companies traded higher. Beauty products retailer Ulta jumped after it reported strong first-quarter results and raised its projections for the year. Stocks are closing in on their best week since the beginning of March. 

The Dow Jones industrial average rose 29 points, or 0.2%, to 17,846 as of 10:16 a.m. Eastern time. The Standard & Poor's 500 index added 6 points, or 0.3%, to 2,095. The Nasdaq composite index picked up 24 points, or 0.5%, to 4,925. After big gains earlier in the week, stocks are on pace for their biggest weekly advance since the week that started Feb. 29. 

The Commerce...

Loading
61°