Thursday, 24 October 2013

INQUIRER.net: US stocks muscle higher on mixed earnings

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US stocks muscle higher on mixed earnings
Oct 24th 2013, 23:20

NEW YORK CITY—US stocks rose Thursday amid a mixed bag of earnings reports, as investors punished underperforming companies while bidding the overall market higher.   The Dow Jones Industrial Average rose 95.88 points (0.62 percent) to 15,509.21.   The broad-based S&P 500 tacked on 5.69 (0.33 percent) at 1,752.07, while the tech-rich Nasdaq Composite Index increased 21.89 (0.56 percent) to 3,928.96.   Peter Cardillo, director of investment research at Rockwell Global Capital, said the market is "feeding on itself" amid recent momentum and confidence the Federal Reserve will maintain an aggressive stimulus policy.   "We're in a market ...

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