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US stocks close higher, extending modest rally; Johnson & Johnson reports higher earnings

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NEW YORK — Stocks managed to close with modest gains on Wall Street after a day of up-and-down trading.

Coca-Cola rose 4 percent after reporting higher sales of non-carbonated beverages. Johnson & Johnson rose 2 percent after its income rose.

Toll Brothers and other homebuilders fell after a measure of the industry's confidence in the housing market remained low. Apple and Netflix also fell.

PHOTO: FILE - In this April 11, 2014 file photo, traders work on the floor of the New York Stock Exchange, Friday, April 11, 2014. World stock markets were mostly lower Tuesday, April 15, 2014, as Ukraine tensions continued to bubble and jitters about China's economy resurfaced. (AP Photo/Richard Drew, File)
FILE - In this April 11, 2014 file photo, traders work on the floor of the New York Stock Exchange, Friday, April 11, 2014. World stock markets were mostly lower Tuesday, April 15, 2014, as Ukraine tensions continued to bubble and jitters about China's economy resurfaced. (AP Photo/Richard Drew, File)

Major U.S. indexes moved between gains and losses all day before ending slightly higher.

The Standard & Poor's 500 index rose 12 points, or 0.7 percent, to close at 1,842 Tuesday.

The Dow Jones industrial average gained 89 points, or 0.6 percent, to 16,262. The Nasdaq added 11 points, or 0.3 percent, to 4,034.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.62 percent.

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