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US stocks trade slightly higher; Oil gains

The Wall Street entrance of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stock markets drifted higher Wednesday Dec. 2, 2014 after Chinese business surveys offered some optimism about the world's No. 2 economy. (AP Photo/Richard Drew)
The Wall Street entrance of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stock markets drifted higher Wednesday Dec. 2, 2014 after Chinese business surveys offered some optimism about the world's No. 2 economy. (AP Photo/Richard Drew) The Wall Street entrance of the New York Stock Exchange, Thursday, Oct. 2, 2014. Global stock markets drifted higher Wednesday Dec. 2, 2014 after Chinese business surveys offered some optimism about the world's No. 2 economy. (AP Photo/Richard Drew)

By Associated Press 1 min read

NEW YORK (AP) – U.S. stocks are edging higher in midday trading following some good news on the U.S. economy.

Oil and gas companies climbed the most as the price of crude oil edged up Wednesday. Major U.S. indexes are holding near record levels.

Payroll processer ADP said U.S. businesses hired at a solid clip last month, and a trade group said the service sector got more busy in November.

The Standard & Poor’s 500 index rose two points, or 0.1 percent, to 2,069 as of 11:45 a.m.

The Dow Jones industrial average rose two points to 17,882. The Nasdaq composite rose nine points, or 0.2 percent, to 4,765.