ECONOMY

US stocks move higher in midday trading after a 2-day slide; CarMax jumps on higher profit

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks are edging higher Thursday, April 2, 2015, as the market shakes off two days of losses. (AP Photo/Richard Drew, File)

FILE - This May 11, 2007 file photo shows a Wall Street sign in front of the flag-draped facade of the New York Stock Exchange. U.S. stocks are edging higher Thursday, April 2, 2015, as the market shakes off two days of losses. (AP Photo/Richard Drew, File)  (The Associated Press)

U.S. stocks are edging higher in midday trading as the market shakes off two days of losses.

CarMax jumped 8 percent Thursday after reporting that its profit rose sharply in the latest quarter as purchases of used vehicles increased.

The Dow Jones industrial average rose 53 points, or 0.3 percent, to 17,752 as of 11:45 a.m. Eastern time.

The Standard & Poor's 500 index gained seven points, or 0.4 percent, to 2,066. The Nasdaq composite increased seven points, or 0.2 percent, to 4,887.

Nine of the 10 industry sectors in the S&P 500 index rose.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.91 percent.

U.S. markets will be closed Friday for the Good Friday holiday.