US stocks edge higher in early trading
NEW YORK (AP) — Stocks are higher in early trading in Wall Street a day after starting the New Year off with a thud.
The Dow Jones industrial average climbed 52 points, or 0.3 percent, to 16,494 points in the first few minutes of trading Friday. It fell 135 points the day before.
The Standard & Poor’s 500 rose five points, or 0.3 percent, to 1,837. The Nasdaq composite rose five points, or 0.1 percent, to 4,148.
Boeing led the Dow stocks higher with a 1 percent gain.
Boeing machinists will decide Friday whether to accept a contract that would cut benefits in exchange for ensuring that the company’s new plane is built in Washington state.
Bond prices fell. The yield on the 10-year Treasury note edged up to 3 percent from 2.99 percent.