Stocks Edge Up on Inflation, Earnings News
Stocks moved slightly higher Wednesday afternoon as investors weighed a report on inflation and solid quarterly earnings from tech bellwethers IBM (IBM), Texas Instruments (TXN), and Yahoo! (YHOO). The 10-year Treasury yield rose back above 5%, while crude oil headed north of $72 a barrel amid drawdowns in weekly energy inventories, says Standard & Poor's Equity Research.
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