FOX Business: Capitalism Lives Here
U.S. equity markets were little changed Friday as traders digested a smattering of corporate headlines.
As of 11:14 a.m. ET, the Dow Jones Industrial Average (DJI) fell 2.7 points, or 0.02%, to 16007, the S&P 500 (GSPC) rose 2.1 points, or 0.12%, to 1798 and the Nasdaq Composite (IXIC) climbed 11.2 points, or 0.28%, to 3980.
It only took the blue-chip average 139 days to add 1000 points after closing at the 15000 on May 7. The markets have rallied in a big way this year, with the broader S&P 500 tacking on close to 26% this year.
The economic calendar is completely bare on the day. However, Federal Reserve governor Daniel Tarullo is set to speak in the afternoon. Traders have been paying close attention to remarks by Fed officials to determine their views on on monetary policy, although, this particular speech isn't expected to contain any policy hints.
In corporate news, Nike (NKE) boosted its dividend by 14%. Gap (GPS), meanwhile, reported a 9% increase in its quarterly profit. Microsoft (MSFT) is rolling to its Xbox One on the day as it looks to compete with Sony's (SNE) PlayStation 4.
In commodities, U.S. crude oil futures fell 4 cents, or 0.05%, to $95.39 a barrel. Wholesale New York Harbor gasoline dipped 0.11% to $2.741 a gallon. In metals, gold rose $2.10, or 0.16%, to $1,246 a troy ounce.