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Small-company stocks lead the market higher

Monday - 5/20/2013, 2:02pm  ET

FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. (AP Photo/Richard Drew)

NEW YORK (AP) -- The stock market is edging higher in midday trading, led by small-company shares.

The Russell 2000 index of small company stocks crossed 1,000 points for the first time Monday. It's up 18 percent this year, more than other major market indexes.

The rally in small stocks is a sign investors are more willing to take risk. It also means they're more optimistic about the U.S. economy versus Europe, which is still mired in recession.

The Dow Jones industrial average was up 28 points at 15,382, a gain of 0.2 percent.

The Standard & Poor's 500 was up four points at 1,671, or 0.3 percent.

The Nasdaq rose nine points to 3,508, or 0.3 percent.

Actavis rose 3 percent after the pharmaceutical company said it's buying Warner Chilcott.


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