Stocks edge higher on consumer spending data

By Ken Sweet

Published March 28, 2014 5:02pm ET

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Stocks edge higher on consumer spending data — NEW YORK (AP) — A positive report on U.S. consumer spending helped push stocks mostly higher Friday for the first time in three days. The gains were modest as investors continued to cut their holdings in biotechnology stocks, some of the best performing names of 2013. Instead, the stocks that advanced the most were mostly […]

NEW YORK (AP) — A positive report on U.S. consumer spending helped push stocks mostly higher Friday for the first time in three days.

The gains were modest as investors continued to cut their holdings in biotechnology stocks, some of the best performing names of 2013. Instead, the stocks that advanced the most were mostly mature, large companies such as Microsoft, Exxon and Cisco Systems.

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