NEW YORK — Stocks are posting meager gains as traders remain cautious ahead of a global economic summit in South Korea.
Major indexes were down for much of the day but managed to edge higher by late afternoon. A report showing a sharp decline in first-time claims for unemployment benefits helped support stock prices.
According to preliminary calculations, the Dow Jones industrial average rose 10, or 0.1 percent, to close at 11,357. The Dow had been down as many as 92 points.
The S&P 500 index added 5, or 0.4 percent, to 1,219, and the Nasdaq rose 16, or 0.6 percent, to 2,579.
Gaining shares outnumbered falling ones three to two on the New York Stock Exchange, where volume came to 1.1 billion shares.
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