Stocks Climb For 4th Day; Dow Closes up 16 Points - Spokane, North Idaho News & Weather KHQ.com

Stocks Climb For 4th Day; Dow Closes up 16 Points

NEW YORK (AP) - Stocks are ending higher after a rise in gold lifted shares of minerals companies. The Dow Jones industrial average is closing up 16 points, extending its gains to a fourth day. Broader indexes also edged higher.

The price of gold settled at a record for a second straight day. That lifted shares of mining companies like Barrick Gold and Newmont Mining. Dow component Caterpillar gained after reporting higher sales.

According to preliminary calculations, the Dow closed at 10,451. The broader Standard & Poor's 500 index rose a point to 1,117. The Nasdaq composite index edged up about 3 points to 2,310.

Advancing stocks narrowly outpaced those that fell on the New
York Stock Exchange, where volume came to 1.7 billion shares.
      

(Copyright 2010 by The Associated Press.  All Rights Reserved.)
    

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