U.S. stocks open higher, eye modest weekly gains

U.S. stock-market indexes opened slightly higher on Friday and were on track to book modest weekly gains. The S&P 500 and Nasdaq were trading above previous record closing levels, as investors shrugged off fears of a potential government shutdown. The S&P 500 rose 6 points, or 0.2%, to 2,804. The tech-heavy Nasdaq Composite index advanced by 19 points, or 0.3%, to 7,315. The Dow Jones Industrial Average rose 24 points, or 0.1%, to 26,028. All three indexes were set for weekly gains of less than 1%. Among the worst performers on Wall Street, shares of IBM sank in the wake of fourth-quarter results.

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From:: Stock Market News

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