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Markets Right Now: US stocks edge higher in midday trading

NEW YORK, N.Y. – The latest on developments in financial markets (All times local):

11:45 a.m.

Stocks are edging higher in midday trading as the market continues a record-setting run.

The Dow Jones industrial average and other major indexes were trading at record highs Friday, though trading was relatively quiet as investors returned from the Thanksgiving holiday.

Safe-play stocks like utilities and phone companies were among the biggest winners. Dominion Resources gained 1.2 per cent and AT&T rose 1 per cent.

Energy companies fell along with the price of crude oil. ConocoPhillips gave up 2 per cent.

The Dow was up 54 points, or 0.3 per cent, to 19,137. The Standard & Poor’s 500 index climbed 5 points, or 0.3 per cent, to 2,210. The Nasdaq composite added 12 points, or 0.2 per cent, to 5,392.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.38 per cent.

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9:35 a.m.

Stocks are edging higher in early trading as the market continues a record-setting run.

The Dow Jones industrial average and the Standard & Poor’s 500 index opened at record highs Friday, as did the Russell 2000 index of small-company stocks.

Trading was relatively quiet as traders returned from the Thanksgiving holiday in the U.S.

Safe-play stocks like utilities and phone companies were among the biggest winners in early trading. Banks and energy companies fell.

The Dow was up 38 points, or 0.2 per cent, to 19,122 shortly after the opening bell. The S&P 500 index rose 2 points, or 0.1 per cent, to 2,207. The Nasdaq composite was little changed at 5,381.

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