National News

Aug 26, 2014 9:42 AM by Associated Press

US stocks open higher; S&P 500 at 2,000 points

NEW YORK (AP) - Stocks are opening higher as investors welcomed the latest corporate deal news, sending the Standard & Poor's 500 index back above 2,000.

The Dow Jones industrial average rose 33 points, or 0.2 percent, to 17,110 as of 9:37 a.m. Tuesday.

The S&P 500 rose two points, or 0.1 percent, to 2,000. The Nasdaq composite index rose seven points, or 0.2 percent, to 4,564.

Amazon rose 1 percent after saying that it would buy Twitch, a video streaming company. Burger King rose 2 percent after confirming that it would buy Tim Hortons of Canada.

Best Buy slumped 5 percent after profits plunged at the consumer electronics store chain as more customers buy products online.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 percent.

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 This material may not be published, broadcast, rewritten or redistributed.)



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