New York • The stock market edged higher Thursday as some encouraging news on the economy outweighed investors' concerns that interest rates may start to rise sooner than they had anticipated. Guess slumped after the apparel maker reported lower quarterly income and predicted a loss for the current quarter.
KEEPING SCORE: The Standard & Poor's 500 index rose five points, or 0.3 percent, to 1,865 as of 12:15 p.m. Eastern time. The Dow Jones industrial average gained 60 points, or 0.4 percent, to 16,282. The Nasdaq composite climbed six points, or 0.2 percent, to 4,314.
GREEN SHOOTS: A measure of the U.S. economy's health rose in February by the largest amount in three months, suggesting growth will accelerate following a severe winter. The Conference Board said Thursday its index of leading indicators increased 0.5 percent following a slight 0.1 percent rise in January and a 0.1 percent decline in December. The Federal Reserve Bank of Philadelphia said separately that manufacturing rebounded in that region in March as new orders increased.