US stocks rise

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IOL wall street THE PHOTO HOLIC File image

New York - US stocks are edging higher in the early going after strong US earnings and General Electric's sale of its remaining NBCUniversal stake.

The Dow Jones industrial average rose 1 point to 14,020 shortly after the opening bell Wednesday.

The index rose to its highest close since 2007 on Tuesday following strong quarterly results from builders and retailers.

The Standard & Poor's 500 index rose 3 points to 1,523.

The Nasdaq composite climbed 10 points to 3,197.

Deere & Co. and Duke Energy are reporting strong earnings.

GE is selling its 49 percent stake in NBCUniversal to Comcast Corp. the nation's largest cable TV operator, for $16.7 billion.

The government reported retail sales ticked up 0.1 percent last month. The small increase suggests spending may be weak in the January-March quarter. - Sapa-AP


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