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US stock indexes edge higher in early trading; oil rising

FILE - This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange. The major U.S. stock indexes edged higher in early trading Wednesday, Jan. 11, 2017, as investors looked ahead to the start of corporate earnings reports later in the week. Energy stocks led the gainers as crude oil prices headed higher, while phone and real estate stocks lagged the most. (AP Photo/Mark Lennihan, File)
FILE - This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange. The major U.S. stock indexes edged higher in early trading Wednesday, Jan. 11, 2017, as investors looked ahead to the start of corporate earnings reports later in the week. Energy stocks led the gainers as crude oil prices headed higher, while phone and real estate stocks lagged the most. (AP Photo/Mark Lennihan, File) FILE - This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange. The major U.S. stock indexes edged higher in early trading Wednesday, Jan. 11, 2017, as investors looked ahead to the start of corporate earnings reports later in the week. Energy stocks led the gainers as crude oil prices headed higher, while phone and real estate stocks lagged the most. (AP Photo/Mark Lennihan, File)

By Associated Press 3 min read

The major U.S. stock indexes edged higher in early trading Wednesday as investors looked ahead to the start of corporate earnings reports later this week. Energy stocks led the gainers as crude oil prices headed higher, while phone and real estate stocks lagged the most.

KEEPING SCORE: The Dow Jones industrial average rose 79 points, or 0.4 percent, to 19,934 as of 10:37 a.m. Eastern Time. The Standard & Poor’s 500 index gained 3 points, or 0.1 percent, to 2,271. The Nasdaq composite index rose 9 points, or 0.2 percent, to 5,561. The Nasdaq has closed at a record high the past four days in a row.

EARNINGS SEASON: Big U.S. companies start reporting fourth-quarter earnings this week. On Friday JPMorgan Chase, Wells Fargo and Bank of America release their results.

FASTER IS BETTER: Drugmaker Merck rose 4.7 percent on news that the Food and Drug Administration will do a quick review of one of the company’s drugs for its potential to treat a type of lung cancer. The stock added $2.84 at $62.77.

HEALTHY OUTLOOK: Intuitive Surgical gained 3.3 percent after the robotic surgical systems maker delivered a strong fourth-quarter sales forecast. The stock rose $22.02 to $684.22.