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VOL. 42 | NO. 22 | Friday, June 01, 2018
Stocks open mostly higher on Wall Street
NEW YORK (AP) — Stocks are opening mostly higher on Wall Street, putting the market on track for a fifth straight gain.
Energy companies and banks rose more than the rest of the market in early trading Thursday. Chevron rose 1.5 percent and Bank of New York Mellon climbed 1.5 percent.
Conn's soared 25 percent after the retailer reported much higher earnings than analysts were expecting.
Food maker J.M. Smucker sank 8 percent after reporting a weak quarter.
The S&P 500 index was up 1 point, less than 0.1 percent, to 2,774.
The Dow Jones industrial average climbed 58 points, or 0.2 percent, to 25,205. The Nasdaq composite edged down 6 points, or 0.1 percent, to 7,683.
The yield on the 10-year Treasury held steady at 2.97 percent.