Stocks edged higher Wednesday after a government report showed stronger demand for gasoline. Indexes had been lower earlier in the day but rallied after an Energy Department report showed that gasoline consumption continues to grow despite sharp price increases at the pump. It's a possible sign that motorists have handled higher fuel costs without cutting back. Economists have been concerned that the recent spike in oil prices could imperil the economic recovery.
The Dow Jones industrial average rose 67.39 points, or 0.6 percent, to 12,086.02.
The Standard & Poor's 500 index rose 3.77, or 0.3 percent, to 1,297.54.
The Nasdaq composite index rose 14.43, or 0.5 percent, to 2,698.30.
For the week:
The Dow is up 227.50, or 1.9 percent.
The S&P 500 is up 18.34, or 1.4 percent.
The Nasdaq is up 54.63, or 2.1 percent.
For the year to date:
The Dow is up 508.51, or 4.4 percent.
The S&P is up 39.90 or 3.2 percent.
The Nasdaq is down 45.43, or 1.7 percent.