Loading…
Saturday, December 27, 2014
Current Weather
Loading Current Weather....
Published: Wednesday, 3/26/2014

Stocks edge higher on better manufacturing report

Five Below soars on earnings

ASSOCIATED PRESS

NEW YORK — U.S. stocks are edging mostly higher as investors respond to an encouraging sign on manufacturing.

The Standard & Poor’s 500 index rose two points, or 0.1 percent, to 1,867 in midday trading today.

The Dow Jones industrial average rose 11 points, or 0.1 percent, to 16,379. The Nasdaq composite slipped 10 points, or 0.3 percent, to 4,223.

Traders were encouraged by news that orders to U.S. factories for long-lasting manufactured goods rose in February by the largest amount since November. That followed a drop in January.

Discount retailer Five Below shot up 13 percent after reporting that its income beat analysts’ expectations in the latest quarter.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories