Stocks edge higher on earnings, deal news

Associated Press
FILE - In this April 30, 2014 file photo, Specialist Glenn Carell, foreground, works with traders at the post that handles Under Armour on the floor of the New York Stock Exchange. Stocks edged lower on Thursday, May 1, 2014, as investors assessed the latest round of company earnings, a survey on manufacturing and news on hiring. Satellite TV company Dish gained on reports that AT&T had approached the company about a merger. (AP Photo, File)
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FILE - In this April 30, 2014 file photo, Specialist Glenn Carell, foreground, works with traders at the post that handles Under Armour on the floor of the New York Stock Exchange. Stocks edged lower on Thursday, May 1, 2014, as investors assessed the latest round of company earnings, a survey on manufacturing and news on hiring. Satellite TV company Dish gained on reports that AT&T had approached the company about a merger. (AP Photo, File)

NEW YORK (AP) — Stocks are edging mostly higher as investors respond to more earnings gains at U.S. companies and hope for more deals.

The Standard & Poor's 500 index rose two points, or 0.1 percent, to 1,886 as of midday Thursday.

The Dow Jones industrial average rose two points, just 0.02 percent, to 16,583. The Dow set an all-time high the day before.

Technology stocks rose more than the rest of the market. The Nasdaq gained 25 points, or 0.6 percent, to 4,140.

Dish Network climbed 5 percent after The Wall Street Journal reported that AT&T had approached the satellite TV company about an acquisition.

MasterCard and Yelp rose after reporting results that were better than investors were expecting.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 percent.

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