SITE HELP • SITE MAP
 
The Janesville Gazette
WCLO
WJVL
Walworth County Today

ADVERTISEMENT
News » Money
May 21, 4:08 PM EDT

Stocks turn higher after reassuring words from Fed official; Home Depot gains after earnings

AP Photo
AP Photo/Seth Wenig
Business Video
Latest Market News
Stocks turn higher after reassuring words from Fed official; Home Depot gains after earnings

Summary Box: Stocks turn higher after reassuring words from Fed official; Dow and S&P climb

Best Buy, Carnival, Saks, Beazer Homes, Clearwire are big market movers on Tuesday
Lowe's 1st-quarter profit climbs even as a cold spring dampens sales a bit

Best Buy reports 1Q loss on restructuring costs, adjusted earnings beats expectations

Home Depot 1Q profit rises thanks to housing recovery; raises 2013 profit, revenue forecasts
United Technologies CEO optimistic about improving economy, airline industry

Airlines losses narrowed in 1Q to $552M; lobbying group predicts pickup in summer travel
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
Related Stories
Arizona restaurant becomes poster child for dark side of online customer reviews
Interactive
Are Stocks Bouncing Back?

NEW YORK (AP) -- Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve.

The Dow Jones industrial average rose 52 points to close at 15,387 Tuesday, an increase of 0.3 percent.

The Standard & Poor's 500 index rose three points to 1,669, or 0.2 percent. The Nasdaq composite rise five to 3,502, or 0.2 percent.

Stock indexes wobbled between gains and losses in early trading, then took a turn higher after James Bullard, head of the Fed's St. Louis branch, said the Fed should keep buying bonds to energize the economic recovery.

Home Depot rose 2.5 percent after reporting an 18 percent increase in income.

More stocks rose than fell on the New York Stock Exchange. Volume was average at 3.5 billion shares.

© 2013 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 This material may not be published, broadcast, rewritten or redistributed.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.
 
ADVERTISEMENT
 
 
The Janesville Gazette

Staff Directory | Contact Us | Privacy Policy | Legal Notices | Subscriber Services | Site Help | Site Map | RSS

News:

Latest News | Local | State | Nation/World | Crime | Public Record | Money | Special Sections | Entertainment

Opinion:

Blogs | Columns | Political Cartoons | Polls

Sports:

Preps | Jets | Packers | Brewers | Bucks | Badgers | Golf | Motorsports | National | Other

Multimedia:

Photos | Photo Galleries | Podcasts | Videos | Slideshows | Maps | Photo Reprints

Community:

Births | Couples | Obituaries | Death Notices | Celebration Forms

Blogs

Blog List | Latest Blog Entries

Services:

Subscribe | Advertising | Customer Care | Newspaper In Education | Tearsheets | E-Edition | Photo Reprints

 

Reader Rewards | Retail Locations

Copyright ©2007 Bliss Communications Inc. All rights reserved. Use of this material and this site are subject to the GazetteExtra Terms of Use and Privacy Policy. Content may not be published, broadcast, re-distributed or re-written.