Stock indexes edge higher in early trading; Macy’s sinks
NEW YORK (AP) — Stock indexes are edging slightly higher in early trading, but retailers were held back as Macy’s turned in disappointing results.
Several global beer makers were higher Wednesday after AB InBev, which makes Budweiser, said it had finalized the terms of a takeover of SABMiller.
The Dow Jones industrial average climbed 32 points, or 0.2 percent, to 17,790 as of 9:35 a.m. Eastern time.
The Standard & Poor’s 500 index gained three points, or 0.2 percent, to 2,085. The Nasdaq composite rose six points, or 0.1 percent, to 5,088.
Bond prices didn’t move much. The yield on the 10-year Treasury note held steady at 2.34 percent.