Pioneer Natural Resources Company

Stocks edge higher; CBS gains on Aereo ruling

Stocks edge higher; CBS gains on Aereo ruling

U.S. stocks are edging higher after investors set aside a pair of weak reports on the economy.

The U.S. stock market inched modestly higher Wednesday, recovering more than half of what it lost the day before, as investors were able to set aside two disappointing economic reports.

CBS and other broadcasters rose after the Supreme Court ruled in favor of them over a startup Internet company in a closely watched copyright case. Monsanto rose after the agricultural company announced a big stock buyback and reported earnings that beat analysts' estimates.

“The trend for this market is still, for the time being, up,” said Anastasia Amoroso, a global market strategist with...

EDITION: California | U.S. & World