US stocks rise; inflation is tame, except for gas

March 16, 2012
In this March 15, 2012 photo, trader Kenneth Polcari works on the floor of the New York Stock Exchange. European stocks eked out some modest gains Friday, March 16, ahead of another round of U.S. economic data, that should shed some further light on whether the recovery in the world's largest economy continues to pick up steam. (AP Photo/Richard Drew)

NEW YORK (AP) — U.S. stocks are climbing this morning, helped by government data signaling only mild inflation.

The Dow Jones Industrial Average is up 28 points to 13,280. The broader Standard & Poor's 500 is up two points to 1,405. The Nasdaq composite index is up one point to 3,058.

Investors this week have been encouraged by signs that the U.S. economy is healing, helped by encouraging reports about the unemplyment rate and retail sales. The Greek debt crisis, while far from solved, has briefly faded from the headlines.

High gas prices remain a concern. The Labor Department said they rose 6 percent in February. But other price increases were mild, with food prices unchanged for the first time in 19 months.

Apple, which releases the iPad 3 Friday, fell 1 percent.