US stocks edge up as investors assess earnings, deals

Posted at 12:08 PM, Oct 13, 2015
and last updated 2015-10-13 12:08:00-04

NEW YORK (AP) — Stock indexes are edging slightly higher as traders digest the latest news on corporate deals and earnings.

Twitter climbed 5 percent after announcing that it would lay off staff as it strives to turn a profit.

Transportation company Ryder sank 9 percent Tuesday after the company cut its earnings forecast.

SABMiller jumped 9 percent in London after the beer maker agreed to a sweetened takeover offer from rival beer maker AB InBev, which makes Budweiser, Corona and Stella Artois.

The Dow Jones industrial average rose 11 points, less than 0.1 percent, to 17,143 as of 11:45 a.m. Eastern time.

The Standard & Poor's 500 index gained a fraction of a point to 2,018. The Nasdaq composite inched up four points, or 0.1 percent, to 4,843.