NEW YORK — More gains in Goldman Sachs and Chevron helped pull the Dow Jones industrial average to another record high even as other indexes were flat to lower in early trading Thursday. Ford and General Motors are rising after they announced strong sales in November. Technology companies and companies that pay big dividends are trading lower.
KEEPING SCORE: The Dow gained 67 points, or 0.4
ENERGY: Oil prices continued to rise and reached their highest since mid-October. Benchmark U.S. crude picked up $1.28, or 2.6
The price of oil had soared Wednesday after the members of OPEC, which collectively produce more than one-third of the world's oil, agreed to cut production starting in January. The price of oil has mostly traded between $40 and $50 a barrel since early April. It dipped as low as $26 a barrel in February.
BANKS: Bond prices continued to fall. That yield on the 10-year Treasury note rose to 2.45
DOLLAR DOWN: Discount store chain Dollar General said its business was hurting by falling prices for some goods as well as cuts in government benefits that help people with low incomes buy food. The company's results fell short of analyst estimates and its shares lost $4.81, or 6.2
FILTER DEAL: Parker-Hannifin, which makes motion and control products, said it will pay about $4 billion for Clarcor, a company that makes mobile, industrial and environmental filtration products. That values Clarcor at $83 a share. Its stock jumped $12.01, or 17
IN THE FAST LANE: Automakers were reporting their monthly sales Thursday. Ford rose 41 cents, or 3.4
CURRENCIES: After a big gain Wednesday, the dollar rose to 114.60 yen from 114.22 yen. The euro rose to $1.0603 from $1.0599.
OVERSEAS: Britain's FTSE 100 fell 1.3
AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP His work can be found at http://bigstory.ap.org/journalist/marley-jay