Business

US stocks edge higher; JC Penney soars

By Steve Rothwell
Published February 27, 2014 5:02pm ET
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US stocks edge higher; JC Penney soars
FILE - In this Wednesday, Feb. 26, 2014, file photo, Trader Christopher Forbes, center, works on the floor of the New York Stock Exchange. The stock market is little changed as investors pick over more earnings reports from retailers and other U.S. companies. (AP Photo/Richard Drew, File) | Richard Drew

NEW YORK (AP) — The U.S. stock market is slightly higher in midday trading as investors respond to encouraging results from several retailers.

J.C. Penney and Best Buy rose sharply after improving their performance in the latest quarter. Sears Holdings also rose.

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Financial Markets