NEW YORK (AP) — Stocks are edging higher in early trading as investors focus on whether the Federal Reserve will start dialing back its stimulus.
The Dow Jones industrial average rose 35 points, or 0.3 percent, to 15,911 Wednesday. The Standard & Poor's 500 index was up two points, or 0.1 percent, at 1,783. The Nasdaq rose three points, or 0.1 percent, to 4,026.
Homebuilder stocks rose sharply after U.S. developers broke ground on homes at the fastest pace in more than five years, evidence that the housing recovery is speeding up.