Stocks Edge Higher in Midday Trading; T-Mobile Up

By: AP
By: AP

NEW YORK Stocks are higher on Wall Street as traders return from the Christmas holiday.

Investors were encouraged by a sharp drop last week in the number of Americans applying for unemployment benefits, the latest sign of improvement in the U.S. job market.

Bond prices fell, pushing long-term interest rates to the highest since September. The yield on the on the 10-year Treasury note rose to 3 percent.


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