Markets Right Now: Tiny gains push S&P, Nasdaq to records

The latest on developments in financial markets (All times local):

4:00 p.m.

Major U.S. stock indexes ended the day pretty much where they started as trading was quiet ahead of the Memorial Day holiday.

Meager gains by the Standard & Poor's 500 index and the Nasdaq composite were enough to leave both at record highs.

Both marked their seventh straight day of gains.

The Dow Jones industrial average of 30 major stocks fell slightly.

Consumer-focused companies rose. Costco gained 1.8 percent after reporting solid earnings.

The S&P 500 edged up a fraction to 2,415.

The Dow Jones industrial average fell 2 points, less than 0.1 percent, to 21,080. The Nasdaq composite rose 5 points, or 0.1 percent, to 6,210.

More stocks rose than fell on the New York Stock Exchange.

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11:45 a.m.

U.S. stocks are edging lower in midday trading following a six-day winning streak.

Technology companies, which have led the market's recent rally, were slipping Friday.

Video game companies are falling as Wall Street was disappointed by forecasts from GameStop, which sank 6.7 percent.

Consumer-focused companies rose.

Trading was light ahead of the Memorial Day holiday in the U.S. on Monday.

The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,412, a day after setting its latest record high.

The Dow Jones industrial average fell 21 points, or 0.1 percent, to 21,061. The Nasdaq composite fell 3 points, or 0.1 percent, to 6,202.

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9:35 a.m.

Stocks are opening a bit lower after a six-day winning streak.

Technology companies, which have led the market's recent rally, are starting slightly lower Friday.

After a weak outlook from video game retailer GameStop, Activision Blizzard fell 1.3 percent and Electronic Arts lost 1.3 percent.

Costco rose 1.6 percent after reporting a strong quarter.

Banks slipped as bond yields moved lower.

The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,412, a day after setting its latest record high.

The Dow Jones industrial average fell 19 points, or 0.1 percent, to 21,062. The Nasdaq composite fell 3 points, or 0.1 percent, to 6,202.