Solid earnings drive more gains in US stocks

Solid earnings drive more gains in US stocks


1 photo
Save Story
Leer en español

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 Information in the story may be outdated or superseded by additional information.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) — U.S. stocks are closing higher as more companies turn in solid earnings.

Lockheed Martin rose 3 percent after the defense contractor's profit and revenue beat analysts' forecasts.

Comcast rose 2 percent after reporting higher profit than the market was expecting. The giant cable TV company signed up more subscribers for Internet service.

The Standard & Poor's 500 index rose nine points, or 0.5 percent, to close at 1,983 Tuesday. That's two points below the record close the index reached on July 3.

The Dow Jones industrial average gained 61 points, or 0.4 percent, to 17,113. The Nasdaq composite rose 31 points, or 0.7 percent, to 4,456.

Bond prices were flat. The yield on the 10-year Treasury note held steady at 2.47 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 This material may not be published, broadcast, rewritten or redistributed.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

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast