Wednesday stocks edge up after 3-day sag

Dow now at 12,807 or so, midday.

NEW YORK (AP) — Energy and materials companies are pushing stocks higher as prices for oil and other commodities rose, but mixed earnings reports from retailers are tempering gains.
Oil rose to nearly $100 a barrel because of a weaker dollar, sending energy stocks in the S&P 500 up the most of the 10 industry groups in the index.
The Dow Jones industrial average is up 20 points, or 0.2 percent, at 12,500. The Standard & Poor’s 500 index is up 6 points, or 0.4 percent, at 1,334.
Strong earnings from Dell Inc. helped push the technology-focused Nasdaq composite index up 14 points, or 0.5 percent, at 2,797.
Staples Inc. plunged 19 percent after the office-supply company reported sales that were weaker than investors were expecting. The company also lowered its full-year earnings forecast.

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