NEW YORK, N.Y. – U.S. stocks are edging higher in midday trading, keeping major indexes at record highs.
Dean Foods soared 14 per cent Monday after reporting earnings that came in better than Wall Street analysts were expecting. Homebuilder Toll Brothers rose 4 per cent after reporting its results.
The Standard & Poor’s 500 index rose five points, or 0.3 per cent, to 2,037 as of 11:55 a.m. Eastern time.
The Dow Jones industrial average rose 27 points, or 0.2 per cent, to 17,602. The Nasdaq composite increased 14 points, or 0.3 per cent, to 4,647.
Cable companies fell after President Obama said Internet providers shouldn’t be allowed to cut deals with online services like Netflix to prioritize their content.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.34 per cent.