Share “US stocks edge higher; Best Buy gains”

US stocks edge higher; Best Buy gains

Published on NewsOK Modified: May 22, 2014 at 3:09 pm •  Published: May 22, 2014
Advertisement

NEW YORK (AP) — Stocks are closing higher following an encouraging report on Chinese manufacturing and improving earnings from several U.S. retailers.

Best Buy, Dollar Tree and L Brands rose after reporting better results. Homebuilders rose following a modest increase in sales of previously occupied homes.

A survey from HSBC suggested the slowdown in China's economy is flattening. May's reading on China's manufacturing sector was the best in five months.

The Standard & Poor's 500 index rose four points, or 0.2 percent, to close at 1,892 Thursday.

The Dow Jones industrial average increased 10 points, or 0.1 percent, to 16,543. The Nasdaq composite gained 22 points, or 0.6 percent, to 4,154.

Bond prices fell slightly. The yield on the 10-year Treasury note edged up to 2.55 percent.


AROUND THE WEB

  1. 1
    OKC man arrested after allegedly trying to set up meeting to have sex with minor
  2. 2
    Hoping to become tourist haunt, Nevada town finds boost in spirits
  3. 3
    Violence not keeping away Americans: Mexico sees 25% spike in U.S. travelers
  4. 4
    Jimmy Carter: U.S. Is an 'Oligarchy With Unlimited Political Bribery'
  5. 5
    'Voice of the Cowboys' Larry Reece says he's cancer free
+ show more

FEATURED JOBS



× Trending business Article