US stock indexes edge higher in early trading

U.S. stock indexes moved higher in morning trading Friday, building on a three-day market rally.

Investors were weighing new economic data and company earnings news.

Stocks have surged almost 5 percent over the last three days, wiping out almost all of the losses they suffered after British citizens voted to leave the European Union last week.

Micron Technology slumped 9 percent after the memory chip maker reported disappointing sales and gave an outlook that fell short of Wall Street's expectations.

The Institute for Supply Management said that U.S. manufacturing expanded for the fourth straight month in June as the outlook for new orders and production improved.

Separately, the Commerce Department said U.S. construction spending fell for a second month in May, reflecting weakness in all areas of building.

The Bank of England said Thursday it would likely offer more monetary stimulus to the British economy to help it cope with the drop in business activity it is experiencing due to last week's vote to leave the European Union.

The British government said Friday it would abandon its goals of achieving a budget surplus by the end of the decade, which would free up more money for the economy.