US stocks rise as companies post results
NEW YORK (AP) — U.S. stocks are opening higher after Google, Honeywell and other big companies report their quarterly results.
The Dow Jones industrial average rose 50 points, or 0.3 percent, to 17,028 in the first few minutes of trading Friday.
The Standard & Poor’s 500 index rose six points, or 0.4 percent, to 1,964. The Nasdaq composite rose 17 points, or 0.4 percent, to 4,380.
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 2 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 2.47 percent.