Summary Box: Fed economic survey lifts stocks

AP News
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Posted: Apr 13, 2011 4:40 PM
Summary Box: Fed economic survey lifts stocks

FED SURVEY: Stocks gave up earlier losses after the Federal Reserve said economic conditions were improving in all 12 regions it surveyed.

FINANCIALS DIP: Financial companies fell nearly 1 percent, the most of any group in the S&P 500 index, after the head of JPMorgan Chase said that nationwide investigations into how banks handled foreclosures likely to result in corporate fines and penalties.

THE INDEXES: The Standard and Poor's 500 index edged up less than 0.1 percent to 1,314.41. The Dow Jones industrial average rose 0.1 percent to 12,270.99. The Nasdaq composite index gained 0.6 percent to 2,761.52.