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Wall Street shrugs off data to edge up at open

The Dow Jones industrial average gained 21.00 points to 12,517.15.

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Reuters New York

U.S. stocks edged up at the open on Thursday as investors brushed off tepid economic data and focused on buying beaten-down shares after a drop of more than 5 percent for the S&P 500 this month.

The Dow Jones industrial average gained 21.00 points, or 0.17%, to 12,517.15. The Standard & Poor's 500 Index added 2.88 points, or 0.22%, to 1,321.74. The Nasdaq Composite Index rose 5.25 points, or 0.18%, to 2,855.37.

 

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First Published: May 24 2012 | 7:10 PM IST

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