Stocks Marginally Higher ahead of Trump News Conference

U.S. stocks were marginally higher in the early trading on Wednesday as investors remained on the sidelines ahead of a much-anticipated news conference from President-elect Donald Trump. The Dow Jones Industrial Average lately added 63.44 points or 0.32%, to 19,918.97. The S&P 500 was up 3.42 points, or 0.15%, to 2,272.32. The Nasdaq Composite added 2.01 points, or 0.04%, to 5,553.83.

Amazon.com Inc. is trying to ring up more sales with a new credit card aimed at its most loyal customers. The online retailer (AMZN) is introducing a new card for Prime customers offering 5% back on all Amazon.com purchases.

General Motors Co. said pretax earnings this year should beat the record profit the auto maker expects to post for 2016, and its board approved a $5 billion share repurchase based on the “strong outlook.”

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