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US STOCKS SNAPSHOT-Market turns up; Wal-Mart earnings help

Thu Aug 13, 2009 11:04am EDT

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NEW YORK, Aug 13 (Reuters) - U.S. stocks turned higher in morning trade on Thursday, boosted by stronger-than-expected earnings from Wal-Mart Stores Inc (WMT.N) and gains in the financial sector.

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A top advancer in the financial sector was Bank of America Corp (BAC.N) after a filing showed hedge fund manager John Paulson stocked up on shares of the bank.

The Dow Jones industrial average .DJI gained 31.89 points, or 0.34 percent, to 9,393.50. The Standard & Poor's 500 Index .SPX rose 5.67 points, or 0.56 percent, to 1,011.48. The Nasdaq Composite Index .IXIC added 12.65 points, or 0.63 percent, to 2,011.37. (Editing by Padraic Cassidy)

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