Thursday, May 26, 2016
Current Weather
Loading Current Weather....
Published: Thursday, 5/8/2014

Stocks rise as investors assess U.S. company earnings


NEW YORK — Stocks are moving higher in midday trading as investors liked what they saw in the latest U.S. corporate earnings reports.

A decrease in unemployment claims also suggested the job market is continuing to improve.

The Standard & Poor’s 500 index rose nine points, or 0.5 percent, to 1,887 as of noon today. The index is three points below the all-time high it set April 2.

The Dow Jones industrial average increased 85 points, or 0.5 percent, to 16,603. The Nasdaq rose 37 points, or 0.9 percent, to 4,105.

Twenty-First Century Fox rose 6 percent after its results beat analysts’ estimates.

Tesla Motors fell 7 percent after the electric car maker reported a $49.8 million first-quarter loss.

Bond prices held steady. The yield on the 10-year Treasury note was 2.58 percent.

Recommended for You

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