Saturday, Jul 30, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

U.S. stocks edge higher; JC Penney soars

NEW YORK — The U.S. stock market is slightly higher in midday trading as investors respond to encouraging results from several retailers.

J.C. Penney and Best Buy rose sharply after improving their performance in the latest quarter. Sears Holdings also rose.

The Standard & Poor’s 500 index increased three points, or 0.2 percent, to 1,848 as of noon today.

The Dow Jones industrial average rose 37 points, or 0.2 percent, to 16,235. The Nasdaq climbed 11 points, or 0.3 percent, to 4,303.

J.C. Penney surged 24 percent after the department store chain swung to a small profit in the latest quarter following a massive loss in the same period a year earlier.

Best Buy climbed 5 percent after it also returned to profitability in the fourth quarter.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…