the republic logo

Earnings gains from GM, others power early gains in US stock indexes; 3M, Caterpillar lead Dow

bug
Share/Save/Bookmark

NEW YORK — Earnings gains from General Motors, 3M and other big companies are driving stocks sharply higher in early trading.

GM rose 2 percent after reporting that its third-quarter profit doubled thanks to big earnings from SUV and truck sales.

Caterpillar, 3M and Southwest Airlines also gained after reporting earnings that pleased investors. AT&T lost 2 percent after its results fell short of analysts' forecasts.

The Standard & Poor's 500 index rose 19 points, or 1 percent, to 1,946 as of 9:35 a.m. Eastern time Thursday.

The Dow Jones industrial average rose 200 points, or 1.2 percent, to 16,659. The Nasdaq composite rose 41 points, or 1 percent, to 4,424.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.26 percent.

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 This material may not be published, broadcast, rewritten or redistributed.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.