Business Finance

Stocks Edge Higher in Early Trading on Wall Street

Tuesday May 14, 2013

Stock indexes are moving higher in early trading on Wall Street as a record-breaking advance on the stock market got moving again.

The Dow Jones industrial average was up 26 points at 15,117 shortly after the opening bell Tuesday, a gain of 0.2 percent.

The broader Standard and Poor's 500 index moved up five points to 1,639, or 0.3 percent.

The Dow and the S&P 500 closed at record highs on Friday. Both indexes are up 15 percent so far this year.

Sony jumped 12 percent in early trading after hedge fund manager Daniel Loeb proposed that the Japanese company sell up to 20 percent of its entertainment business and use the money to shore up its struggling electronics unit. Sony's U.S.-listed shares rose $2.32 to $21.14.

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