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S&P 500 approaches another record high close; Hewlett-Packard gains on earnings

  • Financial Markets Wall Street-1.jpg

    Trader Tommy Kalikas, center, works on the floor of the New York Stock Exchange Thursday, Aug. 21, 2014. U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high. (AP Photo/Richard Drew) (The Associated Press)

  • Financial Markets Wall Street-2.jpg

    Trader Edward McCarthy, left, works on the floor of the New York Stock Exchange, Thursday, Aug. 21, 2014. U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high. (AP Photo/Richard Drew) (The Associated Press)

  • Financial Markets Wall Street-3.jpg

    Czech Tomas Berdych, the 2014 U.S. Open tennis tournament sixth seed, center, and Fabrizio Sestini, ATP marketing director, right, visit with specialist Glenn Carell on the floor of the New York Stock Exchange, after Berdych rang the NYSE opening bell, Thursday, Aug. 21, 2014. (AP Photo/Richard Drew) (The Associated Press)

U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close.

Traders were encouraged by the latest encouraging sign in the U.S. job market, a decline last week in the number of people applying for unemployment benefits.

The S&P 500 rose four points, or 0.3 percent, to 1,990 as of noon Eastern time Thursday.

The Dow Jones industrial average gained 67 points, or 0.4 percent, to 17,045. The Nasdaq composite was flat at 4,526.

Hewlett-Packard rose 5 percent after the company reported its first sales increase in nearly three years.

Sears fell 7 percent after the company reported that its loss doubled in the latest quarter.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.42 percent.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.94% up 3.93%  
15 Y Fixed Graph 3.03% -- 3.03%  
30 Y Fixed Jumbo Graph 4.17% up 4.13%  
5/1 ARM Graph 3.33% up 3.27%  
5/1 Jumbo ARM Graph 3.12% up 3.09%  
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 2.93% dw 2.94%  
36 M Used Graph 3.48% up 3.46%  
48 M New Graph 3.22% dw 3.23%  
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 0.72% up 0.71%  
5 yr Graph 1.50% dw 1.52%  

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