US stocks edge higher; Best Buy gains

By Washington Examiner

Published May 22, 2014 8:09pm ET

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US stocks edge higher; Best Buy gains — FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks edged higher in early trading Thursday, May 22, 2014, extending gains from a day earlier. Investors cheered earnings news from several retailers, including Best Buy, Dollar Tree and L Brands. Sears fell sharply after reporting disappointing results. (AP Photo/Richard Drew, File) | RICHARD DREW

NEW YORK (AP) — Stocks are closing higher following an encouraging report on Chinese manufacturing and improving earnings from several U.S. retailers.

Best Buy, Dollar Tree and L Brands rose after reporting better results. Homebuilders rose following a modest increase in sales of previously occupied homes.

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