Sign in to comment!

Menu
Home

ECONOMY

Stocks drift mostly higher as the Standard & Poor's 500 holds on to 2,000 points; Express up

Stocks are drifting mostly higher as a main U.S. index sets a record for a third day in a row.

The Standard & Poor's 500 eked out a gain of one-tenth of a point, enough to set another all-time high. The index closed at 2,000.12 points, a day after its first close above 2,000.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to 17,122. The Nasdaq composite edged down a point to 4,569.

Trading was quiet ahead of the Labor Day holiday weekend in the U.S. with many investors away on vacation. Trading volume was about one-third below average.

Express rose 13 percent after the clothing retailer's results beat financial analysts' expectations.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.36 percent.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.81% dw 3.82%  
15 Y Fixed Graph 2.98% dw 3.00%  
30 Y Fixed Jumbo Graph 4.04% -- 4.04%  
5/1 ARM Graph 3.07% dw 3.13%  
5/1 Jumbo ARM Graph 3.17% dw 3.19%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.60% -- 4.60%  
$50K HELOC Graph 4.09% -- 4.09%  
$30K Loan Graph 4.90% -- 4.90%  
$50K Loan Graph 4.35% up 4.34%  
$75K Loan Graph 4.36% up 4.35%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.73% -- 2.73%  
36 M Used Graph 3.21% -- 3.21%  
48 M New Graph 2.97% up 2.96%  
48 M Used Graph 2.76% up 2.74%  
60 M New Graph 3.11% up 3.10%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% -- 0.38%  
1 yr Graph 0.70% dw 0.70%  
5 yr Graph 1.48% -- 1.48%