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Published: Friday, 5/31/2013

Stock indexes eke out gains on last day of May


NEW YORK — The stock market is turning slightly higher in midday trading as indexes head for strong gains in the month of May.

The Dow Jones industrial average was up 40 points at 15,364 shortly before midday toay, a gain of 0.3 percent. IBM led the Dow higher. The index is up 3.5 percent in May and 17 percent so far this year.

The Standard & Poor’s 500 index was up a point at 1,655, or 0.1 percent. The Nasdaq composite was up five points at 3,497, or 0.2 percent.

All three indexes were slightly lower in early trading.

Lions Gate Entertainment rose 8 percent to $30.97. The company’s income and revenue beat Wall Street’s forecasts as the company benefited from home video sales of the finale to its hit franchise “Twilight.”

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