Stocks open higher, extending a rally
NEW YORK (AP) — U.S. stocks are edging higher in early trading as the market extends its longest winning streak of the year.
The Dow Jones industrial average climbed 19 points, or 0.1 percent, o 16,014 shortly after the market opened Wednesday.
The Standard & Poor’s 500 index rose four points, or 0.2 percent, to 1,824. The Nasdaq climbed 17 points, 0.4 percent, to 4,208.
The market has risen for the past four days in a row.
Dr. Pepper Snapple Group rose $1.65, or 3 percent, to $50.48 after the company that makes 7Up, Sunkist and A&W Root Beer forecast full-year earnings that were higher than analysts were expecting.
Global stock markets rose Tuesday after Janet Yellen, the new head of the Federal Reserve, said she would continue the central bank’s low interest-rate policies.