Tuesday 22 October 2013

INQUIRER.net: US stocks rise on earnings despite weak jobs report

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US stocks rise on earnings despite weak jobs report
Oct 22nd 2013, 23:10

NEW YORK CITY—US stocks rose Tuesday on generally solid corporate earnings and increased confidence after a weaker-than-expected jobs report suggested the US Federal Reserve will not soon scale back its stimulus program.   The Dow Jones Industrial Average rose 75.46 points (0.49 percent) to 15,467.66.   The broad-based S&P 500 tacked on 10.01 (0.57 percent) at 1,754.67 while the tech-rich Nasdaq Composite increased 9.52 (0.24 percent) to 3,929.57.   The gains followed a trove of corporate earnings from companies like Dow component DuPont and consumer products company Kimberly-Clark, both of which bested expectations.   Analysts at Wel...

Keep on reading: US stocks rise on earnings despite weak jobs report

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