US stocks move higher as companies post results
NEW YORK (AP) — U.S. stocks are moving higher after Google, Honeywell and other big companies report their quarterly results.
The Dow Jones industrial average rose 96 points, or 0.6 percent, to 17,072 as of midday Friday.
The Standard & Poor’s 500 index rose 14 points, or 0.8 percent, to 1,972. The Nasdaq composite rose 49 points, or 1.1 percent, to 4,412.
Markets were recovering a day after being rattled by the downing of a passenger jet over eastern Ukraine and Israel’s launch of a ground offensive into Gaza.
Honeywell International rose 1 percent after reporting that its income rose sharply in the latest quarter and beat investors’ forecasts. Google also rose after reporting its results.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.48 percent.