Stocks edge up as Treasuries rise

Stocks edged higher, while Treasuries advanced as an ongoing pause in trade tensions outweighed a mixed start to earnings season.

The S&P 500 Index rose for a second week, breaking through the key 2,800 level for the first time since March. Big banks opened earnings with mixed results, while AT&T Inc.’s stock slumped after the Justice Department said it will appeal an antitrust ruling in favor of the company. Shares of Cisco Systems Inc. tumbled after reports Amazon.com Inc. is considering becoming a competitor.

The dollar saw its largest weekly gain in a month, while the 10-year Treasury yield clung to its first weekly advance in five. West Texas crude rose above $70 a barrel.

Traders may get some relief as earnings season gets underway in earnest. Trade tensions seemed to ease somewhat, with officials in Beijing appearing to moderate their responses to Trump’s tariff threats amid a slowing economy, falling stock market and weakening currency.