Jul 22, 10:11 AM EDT

US stocks climb as earnings reports roll in


AP Photo
AP Photo/Mark Lennihan
Business Video

Latest Market News
US stocks climb as earnings reports roll in

Stocks open higher; Comcast, Lockheed gain

How the Dow Jones industrial average fared Monday

Coke's sales miss estimates as Diet Coke flags

Comcast 2Q earnings top views on Internet hookups

Marlboro maker Altria's 2Q profit stays flat

CSX optimistic long-term but predicts flat 3Q

Airlines give upbeat view of revenue trends

American's CEO says demand for travel still bright

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Are Stocks Bouncing Back?

NEW YORK (AP) -- Solid earnings for a range of companies helped nudge the stock market higher in early Tuesday trading. The restaurant chain Chipotle and Comcast, the giant cable company, surged after reporting better results than Wall Street expected.

KEEPING SCORE: The Dow Jones industrial average rose 53 points, or 0.3 percent, to 17,103 as of 10:06 a.m. Eastern time. The Standard & Poor's 500 index added eight points, or 0.4 percent, to 1,982. The Nasdaq composite advanced 26 points, or 0.6 percent, to 4,451.

MORE BURRITOS: After the market closed Monday, Chipotle Mexican Grill reported that stronger sales drove its quarterly profit up 26 percent. The restaurant chain's results beat analysts' expectations, even as it raised prices on a range of menu items. Chipotle surged $68.42, or 12 percent, to $658.10 early Tuesday, the biggest gain in the S&P 500 index.

PLUGGED IN: Comcast, the country's largest cable company, reported quarterly profits that topped Wall Street's targets, as more people signed up for Internet service. Comcast gained 81 cents, or 1.5 percent, to $54.63.

COKE: Weak sales of Diet Coke and fruit juice weighed down Coca-Cola's second-quarter results, leading the company to post and weaker revenue than Wall Street expected. Overall profit fell slightly. Coca-Cola's stock sank $1.21, or 3 percent, to $41.20.

BIG WEEK: Nearly a third of the big companies in the S&P 500 index will announce their quarterly results this week, including AT&T and Boeing on Wednesday, followed by Visa and Amazon on Thursday. Apple reports after the closing bell on Tuesday.

EUROPE: Major stock markets in Europe were mostly higher Tuesday. Both Germany's DAX and France's CAC-40 picked up 1 percent. Britain's FTSE 100 advanced 0.9 percent.

BONDS AND OIL: U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 2.49 percent. Benchmark U.S. crude oil fell 11 cents to $102.75 a barrel.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

 

 

 



Copyright © 2004 South Georgia Media Group. All Rights Reserved