Topics

Wells Fargo

Stocks climb, approaching record highs again

Stocks climb, approaching record highs again

Stocks are rising Friday, the latest nudge forward for a market that has taken a slow and steady path to record highs. Telecom and utility stocks led the way, as they have for much of this year.

The Standard & Poor's 500 index was up 8 points, or 0.4%, to 2,173 at 2:22 p.m. Eastern time. The Dow Jones industrial average rose 28, or 0.2%, to 18,545. The Nasdaq composite advanced 28, or 0.6%, to 5,102.

The S&P 500 recovered most of its 0.4% loss from a day earlier.

ANALYST'S TAKE: “I think people are a little more sensitized, where any tick lower in the market creates this ‘buy on the dip’ mentality,” said Brian Jacobsen, chief...

69°