Stocks edge higher in midday trading on Wall Street; Cisco leads the Dow higher

NEW YORK — Indexes are slightly higher at midday on Wall Street, pushing the stock market further into record territory.

Cisco Systems soared 13 percent, the most in the Dow Jones industrial average, after the network equipment maker reported results that beat the estimates of financial analysts who follow the company.

Wal-Mart fell after the giant retailer blamed higher payroll taxes, bad weather and delayed tax refunds for a sales slump that disappointed investors.

FILE - Specialist Bradley Kessler, left, works with traders on the floor of the New York Stock Exchange in this May 7, 2013 file photo. Financial markets were subdued Thursday May 16, 2013 despite encouraging growth figures out of Japan, as investors paused for breath a day after the main U.S. stock indexes struck record highs. (AP Photo/Richard Drew, File)

The Dow was up 15 points at 15,290 at midday Thursday, an increase of 0.1 percent.

The Standard & Poor's 500 was up a point at 1,659, or 0.1 percent.

The Nasdaq composite, which is heavily weighted with technology stocks, edged up 11 points to 3,480, or 0.3 percent.

Indexes wavered in morning trading, then moved higher at midday.

Think your friends should see this? Share it with them!

Follow Us

^{Content enhanced with OpenCalais.}