Stock indexes eke out gains on last day of May

NEW YORK (AP) — The stock market is turning slightly higher in midday trading as indexes head for strong gains in the month of May.

The Dow Jones industrial average was up 40 points at 15,364 shortly before midday Friday, a gain of 0.3 percent. IBM led the Dow higher. The index is up 3.5 percent in May and 17 percent so far this year.

The Standard & Poor’s 500 index was up a point at 1,655, or 0.1 percent. The Nasdaq composite was up five points at 3,497, or 0.2 percent.

All three indexes were slightly lower in early trading.

Lions Gate Entertainment rose 8 percent to $30.97. The company’s income and revenue beat Wall Street’s forecasts as the company benefited from home video sales of the finale to its hit franchise “Twilight.”

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s