July 1, 2016
U.S. stocks are edging higher in early trading as the market loses momentum after a three-day rally.
Consumer-focused stocks rose more than the rest of the market early Friday. Amazon and Home Depot each rose 1%, and Netflix moved up 4%.
The Dow Jones industrial average was up 18 points, or 0.1%, to 17,946.
The Standard & Poor’s 500 index gained 3 points, or 0.2%, to 2,101. The Nasdaq composite climbed 12 points, or 0.3%, to 4,855.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.43%.