Stocks edge higher in midday trading; T-Mobile up

Published on NewsOK Modified: December 26, 2013 at 10:58 am •  Published: December 26, 2013
Advertisement
;

NEW YORK (AP) — Stocks are higher on Wall Street as traders return from the Christmas holiday.

Investors were encouraged by a sharp drop last week in the number of Americans applying for unemployment benefits, the latest sign of improvement in the U.S. job market.

Bond prices fell, pushing long-term interest rates to the highest since September. The yield on the on the 10-year Treasury note rose to 3 percent.

The Dow Jones industrial average was up 68 points, or 0.4 percent, to 16,426 as of noon Thursday.

The Standard & Poor's 500 index rose five points, or 0.3 percent, to 1,839. The Nasdaq composite rose 10 points, or 0.2 percent, to 4,165.

T-Mobile rose 1 percent on talk that Japan's Softbank was considering buying the company.



Trending Now


AROUND THE WEB

  1. 1
    Best cities to launch a startup
  2. 2
    Drought-stricken California may restrict outdoor water use
  3. 3
    Eva Mendes, Ryan Gosling pregnancy sparks Twitter shock from fans - NY Daily News
  4. 4
    Advocates for blind, deaf want more from Apple
  5. 5
    World Cup Fan Scores Modeling Gig From Cheering
+ show more