Markets Right Now: US stocks edge higher in midday trade


NEW YORK (AP) — The latest on developments in global financial markets (all times local):

11:45 a.m.

U.S. stocks are edging higher in midday trading as the market comes off a four-day losing streak.

Consumer stocks rose more than the rest of the market Wednesday. Home Depot added 1.6 percent, the biggest gain in the Dow Jones industrial average.

Traders will be watching for what the Federal Reserve says after it concludes a policy meeting later in the day.

The Dow rose 43 points, or 0.2 percent, to 17,718. The Standard & Poor’s 500 index gained 5 points, or 0.3 percent, to 2,080. The Nasdaq composite climbed 14 points, or 0.3 percent, to 4,858.

Bond prices didn’t move much. The yield on the 10-year Treasury note edged down to 1.60 percent.

___

9:35 a.m.

U.S. stocks are edging higher in the early going as the market comes off a four-day losing streak.

Consumer stocks rose more than the rest of the market early Wednesday. Nike added 1.3 percent, the most in the Dow Jones industrial average.

Energy stocks lagged the market as the price of oil took another dip lower. Drilling rig operator Transocean fell 2 percent.

The Dow Jones industrial average rose 32 points, or 0.2 percent, to 17,707. The Standard & Poor’s 500 index gained 3 points, or 0.2 percent, to 2,078. The Nasdaq composite climbed 8 points, or 0.2 percent, to 4,851.

U.S. government bond prices fell. The yield on the 10-year Treasury note edged up to 1.62 percent.