News

US stocks edge higher, keeping indexes at record highs; Dean Foods soars on strong results

NEW YORK, N.Y. – U.S. stock indexes are edging further into record territory as the market extends a three-week advance.

Dean Foods soared 14 per cent Monday after reporting earnings that came in better than Wall Street analysts were expecting. Homebuilder Toll Brothers rose 2 per cent after reporting a big jump in revenue.

The Standard & Poor’s 500 index rose six points, or 0.3 per cent, to 2,038.

The Dow Jones industrial average rose 39 points, or 0.2 per cent, to 17,613. The Nasdaq composite increased 19 points, or 0.4 per cent, to 4,651.

Cable companies fell after President Barack Obama said Internet providers shouldn’t be allowed to cut deals with online services like Netflix to prioritize their content. Comcast lost 4 per cent.

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