NEW YORK (AP) — Stocks are edging higher in early trading as traders look over some mixed news on the U.S. economy.
The number of people applying for unemployment benefits sank last week. But the government also said the economy shrank at an annual rate of 1 percent in the first three months of the year.
The Standard & Poor’s 500 index rose six points, or 0.3 percent, to 1,915 in the first few minutes of trading Thursday. The S&P 500 is at a record high.
The Dow Jones industrial average rose 34 points, or 0.2 percent, to 16,665. The Nasdaq rose 18 points, or 0.4 percent, to 4,243.
Hillshire Brands jumped 16 percent after Tyson Foods made an offer for the company, two days after a separate bid from poultry producer Pilgrim’s Pride.
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A look at the winter weather news in the D.C. area.
For a trip to the North Pole, there’s no finer way to travel. Railroads around the country offer seasonal trips to see Santa between Thanksgiving and Christmas.