Early gains for US stocks after some solid company earnings



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stronger earnings from several U.S. companies are sending stock prices higher in early trading.

Video game maker Electronic arts rose 6 percent and LendingClub rose 5 percent early Wednesday after reporting results that beat analysts' expectations.

Energy companies rose far more than the rest of the market as the price of crude oil continued its climb above $60 a barrel.

The Standard & Poor's 500 index rose two points, or 0.1 percent, to 2,092 as of 9:35 a.m. Eastern time.

The Dow Jones industrial average rose 34 points, or 0.2 percent, to 17,960. The Nasdaq composite gained six points, or 0.1 percent, to 4,946.

The price of oil rose $1.42 to $61.82 a barrel.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.20 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast