NEW YORK (AP) — The stock market is up for a third day after a rally in financial shares helped offset concerns about rising inflation in China.
Financial stocks have advanced Thursday after Citigroup Inc. said it is on a path toward "sustained profitability."
Meanwhile, China says its inflation rate rose in February. A steep rise in prices could force China to raise interest rates. And in turn, hamper economic growth.
The Dow Jones industrial average is up 45 to close at 10,612. The Standard & Poor's 500 index is up 4.63 at 1,150.24. That's above its January high of 1,150.23.
The Nasdaq composite is up 10 at 2,368.
Three stocks rose for every two that fell on the New York Stock Exchange. Trading volume came to 777.4 million shares compared with 972.1 million Wednesday.
