NEW YORK (AP) — The stock market is opening higher, a day after the nominee to head the Federal Reserve signaled she would continue the central bank's effort to pump up the economy.
The Dow Jones industrial average rose 13 points, 0.1 percent, to 15,890 in early trading Friday. The Standard & Poor's 500 index gained one point, or 0.1 percent, to 1,792. The Nasdaq eased three points, or 0.1 percent, to 3,969.
Fed chair nominee Janet Yellen said Thursday that it was important not to remove support when the economic recovery remained fragile.
Agilent Technologies jumped $3.61, or 7 percent, to $54.1. The company, which makes scientific instruments, reported on Thursday that its fiscal fourth-quarter adjusted earnings beat expectations. Its shares rose the most in the S&P 500 index in early trading.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Original headline: US stocks open higher after Yellen testimony
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Missouri GM Plant Adding 750 jobs
- Poverty Rate Drops for First Time Since 2006
- Cedeno Named USHCC Businessman of the Year
- Aaron Hernandez: I Felt Helpless to Refuse Police
- Can Kobach Keep Taylor's Name on Ballot?
- Parameters Being Drawn for IS Action
- Anheuser-Busch, Visa Voice NFL Disapproval
- Two-thirds of Hispanics Doubt Media Accuracy