Stocks edge higher in early trading; Oracle slides

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Associated Press

Posted on June 20, 2014 at 10:07 AM

Updated Friday, Jun 20 at 10:34 AM

Stocks are slightly higher in early trading as the market heads for a week of solid gains.

Oracle slumped after the company's quarterly results fell short of Wall Street's forecasts.

The Standard & Poor's 500 index rose two points, or 0.1 percent, to 1,961 in the first few minutes of trading Friday.

The Dow Jones industrial average gained 16 points, or 0.1 percent, to 16,938. The Nasdaq composite rose two points, or 0.1 percent, to 4,361.

On Thursday, the S&P 500 index notched an all-time high for the second day in a row. The index is on track to gain 1.2 percent for the week.

U.S. government bonds prices slipped, pushing yields up. The yield on the 10-year note rose to 2.64 percent from 2.62 percent late Thursday.

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