the republic logo

US stocks gain as companies report solid quarterly earnings; Apple, Harley-Davidson rise

bug
Share/Save/Bookmark

NEW YORK — U.S. stocks were solidly higher in midday trading as the market headed for a fourth day of gains.

Traders were encouraged by economic growth figures from China, as well as strong quarterly earnings from several big U.S. companies.

Apple and Harley-Davidson both rose after releasing their latest quarterly results. Apple gained 2 percent after predicting strong holiday sales, and Harley-Davidson jumped 7 percent after its results beat analysts' forecasts.

PHOTO: This Wednesday, March 19, 2014 photo shows a Harley-Davidson leather jacket on display at the South East Harley-Davidson in Bedford, Ohio. Harley-Davidson stock jumped 8 percent Tuesday, Oct. 21, 2014, after its results beat analysts' forecasts. (AP Photo/Tony Dejak)
This Wednesday, March 19, 2014 photo shows a Harley-Davidson leather jacket on display at the South East Harley-Davidson in Bedford, Ohio. Harley-Davidson stock jumped 8 percent Tuesday, Oct. 21, 2014, after its results beat analysts' forecasts. (AP Photo/Tony Dejak)

The Standard & Poor's 500 index rose 28 points, or 1.5 percent, to 1,932 as of 11:45 a.m. Eastern time Tuesday.

The Dow Jones industrial average rose 163 points, or 1 percent, to 16,562.

The Nasdaq composite rose 77 points, or 1.8 percent, to 4,393.

The price of oil rose. U.S. crude gained 44 cents to $82.35 a barrel.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.