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u.s. stock indexes edge higher in morning trading; oil slumps

u.s. stock indexes edge higher in morning trading; oil slumps News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



u.s. stock indexes edge higher in morning trading; oil slumps

u.s. stocks edged higher in morning trading wednesday, led by gains in banks. energy companies were down the most as crude oil prices fell sharply. investors were sizing up the latest company earnings and looking ahead to former fbi director james comey’s congressional testimony thursday as part of the investigation into russia’s possible election meddling.keeping score: the standard & poor’s 500 index rose 2 points, or 0.1 percent, to 2,431 as of 11:20 a.m. eastern time. the dow jones industrial average gained 15 points, or 0.1 percent, to 21,151. the nasdaq composite index added 19 points, or 0.3 percent, to 6,294.the quote: “there’s not a ton of news this morning or economic data driving the markets,” said lindsey bell, investment strategist at cfra research. “the market moves higher on positive news or positive earnings results and then we kind of trade sideways until we get more news.”eye on washington: comey’s testimony thursday before the senate intelligence committee will be his first public comments since he was abruptly ousted by president donald trump on may 9. the former director’s associates say trump asked comey if he could back off an investigation into michael flynn, who was fired as national security adviser because he misled the white house about his ties to russia.energy: oil futures fell sharply after a report showed that u.s. crude stockpiles grew 3.3 million barrels last week. experts had expected stockpiles to shrink by 3.5 million b...