Stocks edge higher; CBS gains on US court ruling

Associated Press |

NEW YORK (AP) — U.S. stocks are edging higher after investors set aside a pair of weak reports on the economy.

The government reported that the U.S. economy shrank at annual rate of 2.9 percent in the first three months of the year and that orders for long-lasting goods sank 1 percent in May.

CBS, Disney and other broadcasters rose after winning a closely watched copyright case in the Supreme Court against a startup Internet company.

The Dow Jones industrial average rose 36 points, or 0.2 percent, to 16,852 points as of noon Eastern time Wednesday.

The Standard & Poor's 500 rose four points, or 0.2 percent, to 1,954. The Nasdaq rose eight points, or 0.2 percent, to 4,358.

Bond prices rose. The yield on the 10-year U.S. Treasury note fell to 2.55 percent.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
WTLC Western Metals Corp 0.08 0.00 0.00 0

Comments

Emerging Growth

Inception Mining Inc

Inception Mining Inc a mining exploration stage company engaged in the acquisition, exploration, and development of mineral properties, for gold from owned mining properties.

Private Markets

Wealthfront

Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…

Cloudera

Cloudera offers enterprises a new data platform built on the Apache Hadoop open-source software package. Hadoop is a data-management platform that can consolidate data in a single repository for comprehensive…