Stocks edge higher in early trade; Tiffany gains

August 27, 2014 - 10:04 AM
Financial Markets Wall Street

FILE - In this Monday, March 8, 2010, file photo, a sign for Wall Street is shown near the New York Stock Exchange. Global shares were mixed Wednesday Aug. 27, 2014 after the latest record close for the Standard & Poor's 500, with Europe off to a shaky start despite a strong day in Asia. (AP Photo/Mark Lennihan, File)

U.S. stocks are opening slightly higher, a day after the Standard & Poor's 500 index had its first close above 2,000 points.

Tiffany & Co. rose 4 percent after the jewelry company reported earnings that were well ahead of what analysts were expecting.

The S&P 500 edged up a point to 2,001 as of 9:35 a.m. Wednesday.

The Dow Jones industrial average rose 20 points, or 0.1 percent, to 17,127. The Nasdaq composite index rose four points, or 0.1 percent, to 4,574.

European markets were also slightly higher. Germany's DAX gained 0.1 percent and France's CAC-40 rose 0.2 percent.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 percent.