New York • Stocks are higher at midday, shaking off a two-day slump, as traders are encouraged by an increase in consumer spending last month.
Tech stocks turned higher with help from Microsoft. CBS Outdoor rose 7 percent on its first day of trading. The billboard company is splitting off from CBS.
The Standard & Poor's 500 index rose 14 points, or 0.8 percent, to 1,863 at midday Friday.