The markets gains were modest, however, as investors turned their eyes back to
It was the seventh time in the last eight days that the S&P 500 has closed higher. Despite the recent upward momentum, traders remain nervous.
"Everyone is a little apprehensive as we move higher, waiting for the next shoe to drop that's going to make the market head lower," said
The Standard & Poor's 500 index rose 3.22 points, or 0.2 percent, to 1,878.61 and the Nasdaq composite rose 21.37 points, or 0.5 percent, to 4,148.34. The Dow Jones industrial average closed at 16,501.65, unchanged on the day.
Apple was among the biggest gainers in the S&P 500 and helped push the Nasdaq composite up more than the rest of the broader market.
Another Dow member,
The maker of industrial coatings and Post-it notes fell
Despite the mostly positive news from U.S. companies, overseas worries put a damper on the market.
Russian officials said they would hold new military exercises along the Ukrainian border, hours after Ukrainian troops killed at least two pro-
Tom di Galoma, who runs fixed-income trading for
The yield on 10-year U.S. Treasury note fell 2.68 percent as bond prices rose. Gold rose
"One day we think there's a resolution, and the next the situation out of
Investors were also working through another batch of economic reports. Orders to U.S. factories for long-lasting manufactured goods rose 2.6 percent, adding to the 2.1 percent rise in February. The back-to-back gains followed two big declines in December and January, which had raised concerns about possible weakness in manufacturing, The earlier declines, however, were likely tied to bad winter weather.
On the jobs front, the number of people seeking U.S. unemployment benefits jumped 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.
In other company news:
Most Popular Stories
- Hernandez lawyer: Pats Records Dispute Resolved
- Congress Leaving Town as Deadlines Loom
- Oregon Voters to Decide on Recreational Pot
- 4th Circuit Upholds Obamacare Subsidies
- Fiat, Renault Strike Deal on New Light Vehicle
- Oregon to Vote on Recreational Marijuana
- Senate, House Locking Horns on Border Funds
- A's Agree to 10-Year Lease to Stay in Oakland
- LinkedIn to Buy Ad Tech Company Bizo for $175 Million
- Jeter, Bauer Give Fox a Strong Week in TV Ratings