Friday, October 11, 2013 11:59 am
US stocks edge higher as debt talks continue
The Associated Press
The Dow Jones industrial average rose 61 points, or 0.4 percent, to 15,188 at midday Friday. The Dow surged 323 points on Thursday as investors hoped that signs of a compromise from House Republicans would defuse the standoff.
The Standard & Poor's 500 index was up six points, or 0.4 percent, at 1,698. The Nasdaq composite was up 18 points, 0.5 percent, at 3,778.
Safeway rose $2.03, or 6 percent, to $33.61 after saying it would sell its Chicago-area stores to focus on its more profitable businesses.
Gap fell $2.85, or 7 percent, to $36.63 after its sales fell in September.