Business

US stocks edge higher; Protective Life soars

By Ken Sweet

Published June 4, 2014 8:48pm ET

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US stocks edge higher; Protective Life soars — FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York. Stocks moved slightly lower in early trading Wednesday, June 4, 2014, after a private jobs report suggested that U.S. employers pulled back on hiring last month. (AP Photo/Mark Lennihan, File) | Mark Lennihan

NEW YORK (AP) — Stocks rose modestly Wednesday, erasing an early decline, as investors waited to hear from the European Central Bank on Thursday.

Insurer Protective Life soared on news that it was being acquired by a Japanese company.

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