US stocks rise as gold hits another record and the dollar’s value sinks again
By STAN CHOE, AP Business Writer
NEW YORK (AP) — U.S. stock indexes are ticking higher Monday, while other markets make louder moves, including another record-breaking rush for the price of gold.
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The S&P 500 rose 0.6% in mixed trading to win back its losses from last week’s dip. The Dow Jones Industrial Average was up 170 points, or 0.3%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.
Baker Hughes helped lead the way and rose 3% after delivering a stronger profit for the latest quarter than analysts expected. The energy technology company said it’s benefiting from strong momentum in demand for liquefied natural gas, among other things.