Loading…
Friday, October 24, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 10/24/2013

Earnings gains send stocks higher

Ford raises profit forecast for year

ASSOCIATED PRESS

NEW YORK — Stocks are rising in midday trading after earnings gains at major U.S. companies including Ford.

The Dow Jones industrial average was up 84 points, or 0.6 percent, at 15,497 as of noon today.

The Standard & Poor’s 500 index was up four points, or 0.3 percent, at 1,750. The Nasdaq composite was up 19 points, or 0.5 percent, at 3,926.

It’s a busy week for corporate earnings.

Ford rose 27 cents, or 1.5 percent, to $17.79 after posting record earnings for the third quarter and raising its profit forecast for the whole year. Revenue increased 12 percent.

Southwest Airlines rose 46 cents, or 3 percent, to $16.88 after its third-quarter profit rose. Average fares were higher and fuel costs fell.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories