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US stocks rise as corporate profits increase

October 22, 2013

NEW YORK (AP) — Higher profits from Delta, Whirlpool and other U.S. companies are pushing the stock market higher in early trading.

The Standard & Poor’s 500 index is rising further into record territory and is on track for its fourth all-time high close in a row.

The S&P 500 was up six points, or 0.4 percent, to 1,750 a few minutes after trading began Tuesday.

The Dow Jones industrial average was up 29 points, or 0.2 percent, at 15,420. The Nasdaq composite was up 18 points, or 0.5 percent, at 3,938.

Bond yields fell after the government reported that hiring slowed in September. The report suggested the Federal Reserve may keep up its economic stimulus for some time.

The yield on the 10-year Treasury note fell to 2.54 percent from 2.60 percent.

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