National News

May 13, 2014 10:08 AM by Associated Press

Stocks open higher a day after reaching records

The stock market is opening mostly higher, a day after major indexes reached record levels.

The Dow Jones industrial average rose 16 points, or 0.1 percent, to 16,711 as of 9:39 a.m. Eastern Time. The Standard & Poor's 500 index nudged up one point to 1,898. The Nasdaq eased two points to 4,141.

DirecTV rose $1.64, or 2 percent, to $88.80 on reports that AT&T was close to completing a takeover of the company.

Elizabeth Arden tumbled $5.93, or 16 percent, to $29.70 after the beauty products company reported an unexpected quarterly loss and disclosed it has hired Goldman Sachs to help it.

The S&P 500 index finished at an all-time high of 1,896.65 on Monday. The Dow also reached a record high.

U.S. retail sales growth slowed in April.

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 This material may not be published, broadcast, rewritten or redistributed.)



Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at, and include the name of the story and information on the comment.

Thank you!

Most Popular

Top Videos

1 2 3 4