Stocks drift higher

Standard & Poor's 500 holds on to 2,000 points

8/27/2014

NEW YORK -- Stocks drifted mostly higher as a main U.S. index set a record for a third day in a row.

The Standard & Poor’s 500 eked out a gain of one-tenth of a point, enough to set another all-time high. The index closed at 2,000.12 points, a day after its first close above 2,000.

The Dow Jones industrial average rose 15 points, or 0.1 percent, to 17,122. The Nasdaq composite fell a point to 4,569.

Trading was quiet ahead of the Labor Day holiday weekend in the United States with many investors away on vacation. Trading volume was about one-third below average.

Express rose 13 percent after the clothing retailer’s results beat financial analysts’ expectations.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.36 percent.