Stocks start higher after a record-setting October

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NEW YORK (AP) — Stocks are opening higher at the end of a record-setting week.

The Dow Jones industrial average climbed 62 points, or 0.4 percent, to 15,607 shortly after trading began Friday. The Standard & Poor’s 500 index rose six points, or 0.4 percent, to 1,762.

Both the Dow and the S&P 500 set record highs this week.

The Nasdaq composite was up 14 points, or 0.4 percent, to 3,934.

Southwestern Energy and Public Storage rose after reporting earnings and revenue that beat analysts’ estimates.

The yield on the 10-year Treasury note rose to 2.58 percent from 2.56 percent.

The market had a strong October. The S&P 500 closed at a record high seven times during the month, most recently on Tuesday. It ended October with a gain of 4.5 percent.

 

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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