Banks and Oracle lift Wall Street slightly

NEW YORK

Wall St. spooked by double-dip fears

A trader walks on the floor of the New York Stock Exchange, June 21, 2010.

Credit: Reuters/Brendan McDermid

NEW YORK (Reuters) - Stocks edged up on Friday on relief that the financial regulation bill wouldn't crimp Wall Street profits as badly as first feared and as strong results from Oracle Corp (ORCL.O) revived hopes about business spending.

* The Dow Jones industrial average .DJI dropped 1.13 points, or 0.01 percent, to 10,151.67. The Standard & Poor's 500 Index .SPX gained 3.41 points, or 0.32 percent, to 1,077.10. The Nasdaq Composite Index .IXIC added 6.06 points, or 0.27 percent, to 2,223.48.