Stocks Edge Higher Amid Lower Oil Prices

In a see-saw session, the major indexes inched up as oil prices slump and Google announced it will acquire of YouTube, as earnings season kicks off

Stocks edged higher Tuesday, sending the Dow to another new record close, as earnings season kicked off with the release of third-quarter results from Alcoa (AA) after the market close.Oil prices fell below $59 and Google (GOOG) announced it will acquire online video service YouTube. Investors seemed to shrug off hawkish comments on inflation from a Federal Reserve member.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.