US stocks edge higher in early trading

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Associated Press

Posted on February 21, 2014 at 8:01 AM

Updated Friday, Feb 21 at 8:03 AM

NEW YORK (AP) — U.S. stocks are inching higher in early trading, putting the Standard & Poor's 500 index on track for its third straight week of gains.

The Dow Jones industrial average rose five points, or 0.03 percent, to 16,138 shortly after the market opened Friday. The S&P 500 rose one point, or 0.07 percent, to 1,841 and the Nasdaq composite rose 10 points, or 0.3 percent, to 4,278.

If the S&P 500 ends the week higher, it would be the longest stretch of weekly gains since an eight-week span from early October through November.

Priceline.com climbed 3.5 percent after the online travel company reported earnings that beat expectations.

Bond prices fell slightly. The yield on the 10-year Treasury note edged up to 2.76 percent from 2.75 percent.

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