NEW YORK, N.Y. – U.S. stock prices are edging higher in midday trading, putting the market on track for its third gain in a row.
The Dow Jones industrial average rose 85 points, or 0.5 per cent, to 17,965 as of 11:45 a.m. Eastern time Tuesday.
The Standard & Poor’s 500 index gained six points, or 0.3 per cent, to 2,087. The Nasdaq composite increased 24 points, or 0.5 per cent, to 4,942.
FedEx rose 3 per cent after saying it had agreed to take over Dutch rival TNT Express, one of Europe’s largest delivery companies.
The price of oil rose 2 per cent to $53.30 a barrel in New York.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.92 per cent.