Loading…
Wednesday, August 27, 2014
Current Weather
Loading Current Weather....
Published: Wednesday, 4/9/2014

Stocks move higher as U.S. earnings get under way

ASSOCIATED PRESS

NEW YORK — Stocks are rising as corporate earnings begin on a positive note.

Alcoa led a rally in companies that make basic materials after the aluminum maker reported earnings that were better than investors were expecting. Alcoa rose 4 percent.

Technology stocks, which fell sharply over the past week, also rose. Facebook gained 5 percent.

The Standard & Poor’s 500 index rose six points, or 0.3 percent, to 1,858 as of noon today.

The Dow Jones industrial average rose 59 points, or 0.4 percent, to 16,315. The Nasdaq composite rose 28 points, or 0.7 percent, to 4,141.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.71 percent.



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