ECONOMY

US stocks edge higher early trading; Energy stocks rise with oil prices

  • Trader Dudley Devine works on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)

    Trader Dudley Devine works on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)  (The Associated Press)

  • Trader F. Hill Creekmore, center, works on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)

    Trader F. Hill Creekmore, center, works on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)  (The Associated Press)

  • Trader Fred DeMarco, left, and specialist Frank Masiello work on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)

    Trader Fred DeMarco, left, and specialist Frank Masiello work on the floor of the New York Stock Exchange Thursday, May 21, 2015. U.S. stocks edged higher in early trading. Energy stocks rose more than the rest of the market as the price of oil climbed. (AP Photo/Richard Drew)  (The Associated Press)

U.S. stocks are edging higher in midday trading, led by gains in energy stocks as the price of oil climbs.

Salesforce.com was among the big gainers Thursday after reporting results that beat analysts' forecasts. Best Buy was also up after reporting strong earnings.

The Dow Jones industrial average edged up nine points, less than 0.1 percent, to 18,295 as of 11:45 a.m. Eastern time.

The Standard & Poor's 500 was up five points, or 0.3 percent, to 2,131. The Nasdaq climbed 15 points, or 0.3 percent, to 5,087.

Oil rose $1.75, or 3 percent, to $60.73 a barrel following reports that U.S. storage levels are falling.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent.