Stocks move higher on Wall Street, led by technology, a day after worst day in two months

1/14/2014
ASSOCIATED PRESS
Wall-Street-524

FILE - In this Friday, Jan. 10, 2014, file photo, specialist Anthony Rinaldi, center, works on the floor of the New York Stock Exchange. Investors are hoping Wall Street will have a better day on Tuesday, Jan. 14, 2014, following the market's worst day of the year so far. Stocks dropped Monday as falling oil prices pushed down energy stocks. (AP Photo/Richard Drew, File)

ASSOCIATED PRESS

NEW YORK — Stocks are higher higher on Wall Street as the market turns positive after its worst day in two months.

The Dow Jones industrial average was up 63 points, or 0.4 percent, at 16,321 shortly before noon Eastern time today.

The Standard & Poor’s 500 index was up 13 points, or 0.7 percent, at 1,832. The Nasdaq composite rose 51 points, or 1.3 percent, to 4,164.

The gains were led by technology stocks. Intel rose 3.5 percent, the most of the 30 stocks in the Dow, followed by Microsoft with a 2 percent increase.

Time Warner Cable rose 3 percent after the company rejected a takeover offer from Charter Communications.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.87 percent from 2.83 percent the day before.