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US stocks edge higher in early trading; Utilities lag other sectors

U.S. stocks are opening mostly higher as the market recovers from a two-day slide last week.

Utilities stocks lagged the rest of the market.

The Standard & Poor's 500 index edged up two points, or 0.1 percent, to 1,928 in the first few minutes of trading Monday.

The Dow Jones industrial average rose 14 points, or 0.1 percent, to 16,509. The Nasdaq composite rose 18 points, or 0.4 percent, to 4,370.

European markets were mostly higher after Portugal's central bank said it would rescue the ailing bank Banco Espirito Santo, one of the country's biggest financial institutions.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.48 percent.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.98% up 3.93%  
15 Y Fixed Graph 3.04% -- 3.04%  
30 Y Fixed Jumbo Graph 4.22% dw 4.51%  
5/1 ARM Graph 3.30% dw 3.69%  
5/1 Jumbo ARM Graph 3.13% dw 3.36%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.31%  
$50K HELOC Graph 4.06% -- 4.06%  
$30K Loan Graph 5.05% dw 5.08%  
$50K Loan Graph 4.48% dw 4.50%  
$75K Loan Graph 4.50% dw 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.94% -- 2.94%  
36 M Used Graph 3.48% up 3.46%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 3.04% -- 3.04%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.38%  
1 yr Graph 0.71% up 0.71%  
5 yr Graph 1.50% -- 1.50%  

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