US stocks edge higher in midday, head for weekly gains

NEW YORK (AP) — U.S. stocks edged higher in midday trading Friday as investors focused on another round of mostly solid corporate earnings. Trading is more subdued and cautious on Wall Street, following China’s report Thursday of a surge in cases of a new virus that investors fear could crimp global economic growth. Solid gains from earlier in the week are holding and keeping the major indexes on track for weekly gains. The S&P 500 index rose 2 points, or 0.1%, to 3,376. The Dow Jones Industrial Average fell 26 points, or 0.1%, to 29,396. The Nasdaq rose 19 points, or 0.2% to 9,731.