Stocks edge higher in quiet trading ahead of US holiday; Avago soars on earnings


U.S. stock indexes are slightly higher in quiet trading.

Chip maker Avago Technologies jumped 9 per cent 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 Dow Jones industrial average rose 21 points, or 0.1 per cent, to 17,101 as of noon Eastern time Friday, ahead of the Labor Day weekend in the U.S.

The Standard & Poor’s 500 rose six points, or 0.3 per cent, to 2,003. The Nasdaq composite rose 20 points, or 0.5 per cent, to 4,578.

Bond prices barely budged. The yield on the 10-year Treasury note held at 2.34 per cent.

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