Thursday, Dec 08, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

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.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…