Sunday, July 13, 2014

US stocks rise, breaking a four-day losing streak

August 20. 2013 12:36PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) The stock market is up after a four-day slump following better results from Best Buy and other retailers.

Bonds yields, which had been rising sharply for the last several days, pulled back, bringing relief to investors worried about higher interest rates.

The Dow Jones industrial average was up 44 points, or 0.3 percent, to 15,056 shortly before noon Eastern Daylight Time.

The Standard & Poor's 500 index rose nine points, or 0.6 percent, to 1,655. The Nasdaq composite rose 26 points, or 0.7 percent, to 3,615.

Best Buy and Urban Outfitters rose sharply, leading an advance in the retail sector, after reporting higher income. Best Buy rose 9 percent, Urban Outfitters rose 10 percent.

The yield on the 10-year Treasury note fell to 2.82 percent from 2.88 percent late Monday.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds