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US stocks edge higher in early trading as S&P 500 holds at 2,000; Tiffany gains on earnings

Financial Markets Wall Street-1.jpg

FILE - In this Monday, March 8, 2010, file photo, a sign for Wall Street is shown near the New York Stock Exchange. Global shares were mixed Wednesday Aug. 27, 2014 after the latest record close for the Standard & Poor's 500, with Europe off to a shaky start despite a strong day in Asia. (AP Photo/Mark Lennihan, File) (The Associated Press)

U.S. stocks are opening slightly higher, a day after the Standard & Poor's 500 index had its first close above 2,000 points.

Tiffany & Co. rose 4 percent after the jewelry company reported earnings that were well ahead of what analysts were expecting.

The S&P 500 edged up a point to 2,001 as of 9:35 a.m. Wednesday.

The Dow Jones industrial average rose 20 points, or 0.1 percent, to 17,127. The Nasdaq composite index rose four points, or 0.1 percent, to 4,574.

European markets were also slightly higher. Germany's DAX gained 0.1 percent and France's CAC-40 rose 0.2 percent.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 percent.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.94% up 3.88%  
15 Y Fixed Graph 3.02% dw 3.05%  
30 Y Fixed Jumbo Graph 4.29% dw 4.33%  
5/1 ARM Graph 3.48% dw 3.50%  
5/1 Jumbo ARM Graph 3.66% up 3.61%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.56% dw 4.62%  
$50K HELOC Graph 4.07% -- 4.07%  
$30K Loan Graph 4.97% -- 4.97%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.34% -- 4.34%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.66% dw 2.67%  
36 M Used Graph 3.18% up 3.17%  
48 M New Graph 2.94% -- 2.94%  
48 M Used Graph 2.79% -- 2.79%  
60 M New Graph 3.05% -- 3.05%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.40% dw 0.41%  
1 yr Graph 0.72% dw 0.72%  
5 yr Graph 1.45% dw 1.49%