Stocks edge higher on Wall Street; Southwest losses mount

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Stocks edged higher in morning trading on Wall Street Wednesday as investors count down to the end of the worst year for the S&P 500 since 2008.

The S&P 500 rose 0.1% as of 10:12 a.m. Eastern. The Dow Jones Industrial Average rose 12 points, or less than 0.1%, to 33,257 and the Nasdaq rose 0.2%.

Investors are in the middle of a mostly quiet and holiday-shortened week. Markets were closed on Monday for the observed Christmas holiday and there are no major economic reports expected this week. Tesla rose 2.3% as it rebounded from steep losses it suffered after reports Tuesday that it temporarily suspended production at a factory in Shanghai.Southwest Airlines shed 2.5% as the carrier's dramatic trouble with flight cancellations continued.

 

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