Updated from 1:50 p.m. EST
In a session of mixed trading, stocks in New York were lately edging higher Wednesday, as investors eyed the prospect of a bailout for the automakers and digested several disheartening economic reports.
The Dow Jones Industrial Average was lately adding 52 points at 8471, and the S&P 500 was gaining 6.6 points to 855. The Nasdaq tacked on 18 points to 1468.
Traders were closely watching the automotive sector as the Big Three U.S. car manufacturers continued to petition Congress for emergency funds. Ford (F Quote) and General Motors (GM Quote) on Tuesday had presented business plans to Congress in hopes of garnering a federal bailout. General Motors asked for $12 billion in low-interest financing and a $6 billion line of credit, and Ford requested $9 billion in government aid. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,358.14 | 1,097.94 | 2,152.88 | 32.34 |
Oil *
76.86
|
|
DOWN
106.26
|
DOWN
12.69
|
DOWN
23.17
|
DOWN
0.45
|
10 Yr
3.23%
SPDR Gold
115.37
|
|
-1.02%
|
-1.14%
|
-1.06%
|
-1.37%
|
Data delayed 20 minutes |
Connect with TheStreet