Stocks Inch Higher As Early Gains Fade

NEW YORK (April 25, 2013)--Stock indexes closed higher Thursday on Wall Street after giving up much of the ground they won earlier in the day.

The Dow Jones industrial average closed up 24 points at 14,700 Thursday, an increase of 0.2 percent.

It was up as much as 91 points earlier.

The Standard & Poor's 500 index rose six points to 1,585, or 0.4 percent.

The Nasdaq composite rose 20 points to 3,290, an increase of 0.6 percent.

Good news on the job market and healthy earnings from name-brand companies such as Royal Caribbean and Harley-Davidson encouraged investors to buy stocks. UPS and Dow Chemical also rose.

Two stocks rose for every one that fell on the New York Stock Exchange where volume was slightly higher than usual, 3.8 billion shares.


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