Stocks edge higher in early trade; Tiffany gains
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.