Stocks edge higher in early trading; GE jumps on earnings

AP News
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Posted: Oct 16, 2015 9:42 AM
Stocks edge higher in early trading; GE jumps on earnings

NEW YORK (AP) — Stocks are slightly higher in early trading as investors pore over the latest earnings news.

General Electric rose the most in the Dow Jones industrial average Friday after the industrial conglomerate reported earnings that were better than analysts were expecting.

Casino operator Wynn Resorts plunged 8 percent after the company said new gambling regulations in Macau continued to hurt its business.

The Dow jumped was up 25 points, or 0.1 percent, to 17,167 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index rose four points, or 0.2 percent, to 2,028. The Nasdaq composite edged up two points, less than 0.1 percent, to 4,873.

The price of oil rose. U.S. crude gained 2 percent to $47 a barrel in New York.