NEW YORK -- The Standard & Poor’s 500 is ending the week at a record high after a day of quiet trading.
Chip maker Avago Technologies jumped nearly 8 percent after reporting earnings that beat analysts’ estimates.
The latest reports on the U.S. economy were mixed. Consumer sentiment improved in August, while spending fell and income growth slowed in July.
The Standard & Poor’s 500 rose six points, or 0.3 percent, to finish at 2,003.37, an all-time high, today. The Dow Jones industrial average rose 18 points, or 0.1 percent, to 17,098. The Nasdaq composite rose 22 points, or 0.5 percent, to 4,580.
Bond prices barely budged. The yield on the 10-year Treasury note held at 2.34 percent.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.