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

1/14/2014

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.