US stocks move mostly higher; technology lags
NEW YORK (AP) — Stocks are mostly higher on Wall Street as a September rally resumes.
The Dow Jones industrial average rose 63 points, or 0.4 percent, to 15,364 as of noon Friday. The Dow fell 25 points the day before, only its second loss in September. The Dow is up 3.8 percent this month.
The Standard & Poor’s 500 index rose four points, or 0.2 percent, to 1,687.
Technology stocks lagged the rest of the market. The Nasdaq composite was down a point, or less than 0.1 percent, at 3,714.
Ulta Salon surged $17, or 17 percent, to $117. The company’s fiscal second-quarter profit jumped 28 percent on stronger sales at its growing chain of beauty product stores.