NEW YORK — The U.S. stock market is rising modestly in midday trading following a batch of earnings and corporate news.
The Dow Jones industrial average gained 33 points, or 0.2 percent, to 16,684 as of noon today. The Standard & Poor’s 500 index rose four points, or 0.2 percent, to 1,951.
The Nasdaq composite climbed eight points, or 0.2 percent, to 4,442.
Retailer Kohl’s rose 3 percent after reporting income that beat analysts’ expectations.
The Class A shares of Warren Buffett’s Berkshire Hathaway traded above $200,000 for the first time.
Cisco fell 2 percent after the network equipment maker reported lower sales and profits. Cisco also said it would lay off 8 percent of its workforce.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.41 percent.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.