National News

Aug 15, 2014 10:06 AM by Associated Press

US stocks open higher, head for weekly gain

NEW YORK (AP) - U.S. stocks are opening higher as the market heads for a solid weekly gain.

The Dow Jones industrial average rose 44 points, or 0.3 percent, to 16,756 as of 9:33 a.m. Eastern time Friday. The Dow is up 1 percent so far this week.

The Standard & Poor's 500 index rose six points, or 0.3 percent, to 1,961.

The Nasdaq composite climbed 26 points, or 0.6 percent, to 4,479.

In corporate news, J.C. Penney rose 4 percent. The struggling department store operator reported a narrower loss for its second quarter.

Monster Beverage soared 26 percent on news that Coca-Cola is buying a big stake in the company.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.39 percent, near its lowest level of the year.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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