Stocks end mostly higher; Health care rebounds, led by Merck

Stocks end mostly higher; Health care rebounds, led by Merck


1 photo
Save Story

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 Information in the story may be outdated or superseded by additional information.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) — Stocks are ending mostly higher as investors pore over a big batch of earnings reports.

Merck led a rebound in the health care sector Tuesday after reporting surprisingly strong results.

Twitter plunged 18 percent after its revenue came in lower than analysts' forecasts. Trading in the stock was temporarily halted because the results were released before the closing bell, earlier than investors were expecting.

The Container Store dropped 15 percent after releasing earnings that were far below estimates.

The Dow Jones industrial average climbed 72 points, or 0.4 percent, to 18,110.

The Standard & Poor's 500 index rose five points, or 0.3 percent, to 2,114. The Nasdaq composite fell four points, or 0.1 percent, to 5,055.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.99 percent.

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 This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

The Associated Press
    KSL.com Beyond Business
    KSL.com Beyond Series

    KSL Weather Forecast

    KSL Weather Forecast
    Play button