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Stocks edge higher in early trade; energy sector recovers

FILE - This July 15, 2013, file photo, shows the New York Stock Exchange. Global stock markets are mostly weaker on Thursday, Dec. 10, 2015, after consecutive losses on Wall Street and as New Zealand's central bank signals it's finished cutting interest rates. (AP Photo/Mark Lennihan, File)
FILE - This July 15, 2013, file photo, shows the New York Stock Exchange. Global stock markets are mostly weaker on Thursday, Dec. 10, 2015, after consecutive losses on Wall Street and as New Zealand's central bank signals it's finished cutting interest rates. (AP Photo/Mark Lennihan, File) FILE - This July 15, 2013, file photo, shows the New York Stock Exchange. Global stock markets are mostly weaker on Thursday, Dec. 10, 2015, after consecutive losses on Wall Street and as New Zealand's central bank signals it's finished cutting interest rates. (AP Photo/Mark Lennihan, File)

By Associated Press 2 min read

NEW YORK (AP) – U.S. stocks are edging higher in early trading Thursday following a three-day losing streak. Energy companies were among the early winners after being beaten down over the past several days. Oil prices fell.

KEEPING SCORE: The Dow Jones industrial average climbed 34 points, or 0.2 percent, to 17,526 as of 10:17 a.m. Eastern time. The Standard & Poor’s 500 index rose three points, or 0.1 percent, to 2,050. The Nasdaq composite increased seven points, or 0.1 percent, to 5,030.

RUMPLED: Men’s Warehouse plunged $4.62, or 25 percent, to $13.77 after reporting earnings per share that was half what financial analysts expected, according to Factset. The struggling clothes chain is down 68 percent since the start of 2015.

SUNBURN: First Solar dropped $4.05, or 7 percent, to $54.80 after the solar energy company released earnings and a forecast that disappointed investors.

DATA WATCH: Applications for unemployment benefits in the U.S. rose last week, but the number of Americans seeking aid remains close to historic lows. The report comes a week before a Federal Reserve meeting that is expected to raise interest rates from a record low.