US stocks rising as investors shrug off Iraq bombing, other geopolitical risks; US bonds climb

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NEW YORK, N.Y. – U.S. stocks are trading higher as investors weigh gains in productivity against worsening geopolitical concerns.

The higher prices in the U.S. are bucking a move down in European and Asian markets as U.S. fighter planes dropped bombs on Islamic State militants in northern Iraq.

The Dow Jones industrial average rose 67 points, or 0.4 per cent, to 16,435 in midday trading Friday.

The Standard & Poor’s 500 index rose seven points, or 0.4 per cent, to 1,917. The Nasdaq composite rose 11 points, or 0.3 per cent, to 4,346.

Investors sought safety in U.S. Treasurys, driving the yield on the benchmark 10-year note to its lowest level since June 2013. The yield fell to 2.38 per cent from 2.41 per cent late Thursday.

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