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UPDATE 5-U.S. stocks trade higher on fresh drop in oil prices.
(From CBS Marketwatch (Stories))
NEW YORK (CBS.MW) -- U.S. stocks edged higher Thursday as a fresh fall in crude-oil prices eased some of the disappointment over an uneven sales performance from retailers in November.
The Dow Jones Industrial Average erased early losses, to climb 29 points, to 10,619, after posting a triple-digit gain to end at a nine-month high Wednesday.
Within the benchmark index Intel turned higher to trade up 1 percent ahead of its mid-quarter trading update after the bell.
Among other gainers, both SBC Communications and Merck rose 1.9 percent. Johnson & Johnson added 1 percent while Disney climbed 1.01 percent.
ExxonMobil was a notable decliner, sliding 1.4 percent on the pullback in oil prices.
The Nasdaq Composite Index was up 11.4 points, at 2,150. Gains for, …
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