NEW YORK (AP) - Stocks are higher at midday after an encouraging report from the Labor Department.
Just before noon, the Dow Jones industrial average is up 29 points at 13,374. The Standard & Poor's 500 index is up six at 1,438. And the Nasdaq composite index is up eight at 3,060.
The Labor Department says applications for unemployment benefits fell last week to 339,000. That's the lowest in more than four years. Economists also look at the four-week average, and that hit a six-month low.
Sprint Nextel stock is up 17 percent following a report that the company could be bought by a Japanese cell phone provider called Softbank.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Ed Koch planned every detail of his funeral - except one crucial date.
Don't look for the movie about Jodi Arias to be about her trial. (Video)
Not to lecture, but here's why you don't want to skimp on sleep.
James Franco wants fans to spot him half a million for a film trilogy.