Nov 13, 2014 4:12 PM
US stocks edge higher on earnings, deal news
The Associated Press
NEW YORK (AP) U.S. stocks indexes are closing mostly higher as traders welcome more positive news on corporate earnings and deals.
Baker Hughes soared 15 percent late Thursday after a report that Halliburton was in talks to buy the oilfield services company.
The surge mitigated a slump in the energy sector brought on by the latest decline in the price of oil. Crude lost 4 percent and is trading at a four-year low as investors worry about supplies outstripping demand.
Wal-Mart Stores and media conglomerate Viacom rose after reporting results that were better than analysts were expecting.
The Standard & Poor's 500 edged up a point to 2,039.
The Dow Jones industrial average rose 40 points, or 0.2 percent, to 17,652, another record.
The Nasdaq rose five points, or 0.1 percent, to 4,680.