U.S., Oct. 11 -- Stocks have moved mostly higher during trading on Friday, with the major averages more than offsetting the modest losses posted in the previous session. With the upward move, the Dow and the S&P 500 have reached new record intraday highs.
Currently, the Dow is up 303.92 points or 0.7 percent at 42,758.04 and the S&P 500 is up 30.24 points or 0.5 percent at 5,810.29. The tech-heavy Nasdaq is posting a more modest gain, up 43.64 points or 0.2 percent at 18,325.69.
The strength on Wall Street partly reflects a positive reaction to a Labor Department report showing producer prices in the U.S. were unexpectedly unchanged in September.
The Labor Department said its producer price index for final demand came in flat in Septembe...