January 10, 2013 at 10:40 AM EST
Stocks Open Higher, Trade Mixed; ARM Hits New High
Stocks opened firmly higher in mixed trade Thursday, as tech stocks seized the early initiative. The Nasdaq and the S&P 500 gained 0.4% each. The Dow Jones industrial average tacked on 0.3%. Volume slumped 30% on the Nasdaq and was 18% higher on the NYSE compared with Wednesday morning's action. Wholesale inventories expanded 0.6% in November, level with October's gain and better than the 0.3% increase expected. The number received a boost from
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