Wall Street edges up at open

December 29th, 20112:55 pm @

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NEW YORK |
Thu Dec 29, 2011 9:44am EST

NEW YORK (Reuters) – Stocks rose on Thursday after a sharp drop in the last session but elevated Italian bond yields and a weak reading on jobless claims capped gains.

The Dow Jones industrial average .DJI gained 51.77 points, or 0.43 percent, to 12,203.18. The Standard Poor’s 500 Index .SPX gained 4.84 points, or 0.39 percent, to 1,254.48. The Nasdaq Composite Index .IXIC gained 6.52 points, or 0.25 percent, to 2,596.50.

(Reporting By Edward Krudy; editing by Jeffrey Benkoe)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/O6GPwsnVwfg/us-markets-stocks-idUSTRE7AO0B420111229