ECONOMY

US stocks edge higher as the market comes off a huge two-day rally; CarMax climbs, Nike falls

FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. Major stock indexes are creeping higher on Friday, Dec. 19, 2014, as the market comes off a massive two-day rally spurred by the Federal Reserve's assurance that it was in no hurry to hike interest rates. (AP Photo/Richard Drew, File)

FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. Major stock indexes are creeping higher on Friday, Dec. 19, 2014, as the market comes off a massive two-day rally spurred by the Federal Reserve's assurance that it was in no hurry to hike interest rates. (AP Photo/Richard Drew, File)  (The Associated Press)

U.S. stocks are edging higher in midday trading as the market comes off a massive two-day rally.

The Dow Jones industrial average was up four points, less than 0.1 percent, to 17,782 as of 11:45 a.m. Eastern time Friday.

The Standard & Poor's 500 rose five points, or 0.3 percent, to 2,066. The Nasdaq composite added 11 points, or 0.2 percent, to 4,760.

The S&P 500 is headed for its second-biggest weekly gain this year.

CarMax jumped 10 percent after the used car dealership chain reported a surge in its latest quarterly earnings.

Nike fell 4 percent after a drop in orders from Japan and developing markets in Asia overshadowed a strong quarter.

The price of crude oil rose $1.80 to $56.16 a barrel in New York.