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NEW YORK | Technology companies inch higher, but US indexes are mixed

NEW YORK  — U.S. stock indexes are slightly higher Wednesday morning as technology companies continue to climb. Retailers are falling, with Dick’s Sporting Goods taking sharp losses after it reported slower sales than analysts expected. The S&P 500 index is on track for its fourth gain in a row.

KEEPING SCORE: The S&P 500 index gained 3 points, or 0.1 percent, to 2,901 as of 10:15 a.m. Eastern time. The Dow Jones Industrial Average lost 12 points, or 0.1 percent, to 26,051. The Nasdaq composite added 27 points, or 0.4 percent, to 8,057.

While the S&P 500 and Nasdaq are at record highs and on pace for a four-day winning streak, smaller companies didn’t do as well. The Russell 2000 index of smaller-company stocks fell 3 points, or 0.2 percent, to 1,725.

Smaller companies tend to do better than larger ones when investors are worried about trade tensions, and vice versa. Larger stocks rallied earlier this week after the White House said it had reached a preliminary deal with Mexico to replace the North American Free Trade Agreement.

TIP-TOP TECH: Technology companies continued to lead the market higher. Hewlett Packard Enterprise rose 2.8 percent to $17.22 after it announced strong third quarter results and raised its forecasts for the year.

Elsewhere, Google’s parent company Alphabet gained 1 percent to $1,258.24 and Microsoft picked up 0.6 percent to $110.95. The S&P 500 technology index has jumped 33 percent over the last year while the S&P 500 has risen a still-strong 19 percent.

Roku slumped 4.3 percent to $60.29 following a report that Amazon may challenge it with an ad-supported TV service. The Information said Amazon will offer the service through its Fire TV devices, which are owned by about 48 million people. Amazon jumped 1.4 percent to $1,960.71.

CHINESE TAKEOUT: Yum China climbed 4.4 percent to $38.80 after the Wall Street Journal reported that a group of investors offered to buy it for $46 per share, or $17.6 billion. The Journal said the offer was made in recent months and that Yum China rejected it.

CRYING FOUL: Dick’s Sporting Goods sank 8.5 percent to $33.29 after its sales fell short of expectations. The company said sales of Under Armour products dropped significantly because of that company’s decision to expand distribution of its apparel to other stores.

Under Armour dropped 6.6 percent to $19.55. Retailers struggled in general, Chico’s FAS fell 5.4 percent after its quarterly report.

Elsewhere, Tiffany sank 3.8 percent to $126.09 and Macy’s gave up 3.3 percent to $35.16. Gap slipped 2.7 percent to $29.87.

ENERGY: Benchmark U.S. crude rose 0.7 percent to $69.03 a barrel in New York while Brent crude, used to price international oils, gained 0.7 percent to $76.86 a barrel in London.

BONDS: Bond prices ticked lower. The yield on the 10-year Treasury note rose to 2.89 percent from 2.88 percent.

CURRENCY: The dollar rose to 111.48 yen from 111.21 yen. The euro dipped to $1.1691 from $1.1696.

OVERSEAS: Germany’s DAX dipped 0.1 percent and the British FTS# slid 0.3 percent. The CAC 40 of France was little changed.

Tokyo’s Nikkei 225 rose 0.1 percent while the Hang Seng in Hong Kong added 0.2 percent and Seoul’s Kospi advanced 0.3 percent.

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NEW YORK | US stocks inch higher after solid jobs report for July

NEW YORK — U.S. stocks are mostly higher Friday morning after the Labor Department said hiring remained solid in July.

Retailers are making some of the largest gains while industrial and technology companies are slightly lower. There was little immediate reaction to China’s threat to put tariffs on $60 billion in American goods.

KEEPING SCORE: The S&P 500 index was unchanged at 2,827 as of 10 a.m. Eastern time. The Dow Jones Industrial Average rose 34 points, or 0.1 percent, to 25,360. The Nasdaq composite fell 11 points, or 0.1 percent, to 7,791. The Russell 2000 index of smaller-company stocks added 1 point, or 0.1 percent, to 1,683.

JOBS: U.S. employers slowed their hiring in July, and they added fewer jobs than analysts expected. Hourly wage growth also remained modest even though unemployment is around 18-year lows. Despite the tensions between the U.S. and several of its trading partners, consumers are spending freely and businesses are stepping up their investment in buildings and equipment, accelerating growth. That’s boosting demand for workers in industries ranging from manufacturing to construction to health care.

EARNINGS: Video game publisher Take-Two Interactive jumped 14.5 percent to $126.25 percent after it topped Wall Street’s expectations in the fiscal first quarter and raised its projections for the rest of the year. The company said players spent more money on “Grand Theft Auto Online” and “NBA 2K18” than it expected.

Security software company Symantec plunged 14.2 percent to $17.91 after it said billings were lower than expected in its most recent quarter. The company also forecast a loss for the next quarter that was larger than analysts were expecting.

Kraft Heinz climbed 5.9 percent to $62.88 after the maker of Oscar Mayer meats and Jell-O pudding said improved sales in Europe and Asia helped offset weaker results from the U.S. and Canada. The company’s profit fell sharply and its costs increased, but its results were better than analysts expected.

TARIFF THREATS: China and the U.S. continued to threaten each other with more tariffs. China’s government said Friday that it will put tariffs on $60 billion in goods including coffee and honey if the U.S. goes ahead with a proposal to tax $200 billion in Chinese imports. The Trump administration said this week that it might put a tariff of 25 percent on those goods, a higher rate than it had threatened previously.

BONDS: Bond prices rose. The yield on the 10-year Treasury note fell to 2.96 percent from 2.98 percent.

ENERGY: Benchmark U.S. crude lost 0.3 percent to $68.73 a barrel in New York. Brent crude, used to price international oils, gained 0.1 percent to $73.49 per barrel in London.

CURRENCIES: The dollar weakened slightly. It fell to 111.20 yen from 111.69 yen. The euro fell to $1.1573 from $1.1587.

OVERSEAS: Germany’s DAX added 0.4 percent and the CAC 40 in France edged up 0.1 percent. The British FTSE 100 gained 0.7 percent.

Japan’s Nikkei 225 added less than 0.1 percent and Hong Kong’s Hang Seng index gave up 0.2 percent. South Korea’s Kospi added 0.8 percent.