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Market Update

US stocks move higher as tensions ease in Ukraine; Investors focus on corporate news

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FILE - This Jan. 4, 2010 file photo shows an entrance to a Wall Street subway station in New York. U.S. stocks are opening higher Monday, Aug. 11, 2014, as tensions ease in Ukraine. (AP Photo/Mark Lennihan, File) (The Associated Press)

U.S. stocks are moving higher as investors turn their focus to corporate news and as tensions ease in Ukraine.

Priceline rose 3 percent after the online discounter reported better earnings than analysts were expecting. Chiquita Brands soared 31 percent on a buyout offer.

Kinder Morgan rose 10 percent after announcing it would consolidate a group of oil and gas pipeline and storage companies it controls.

The Standard & Poor's 500 index rose 12 points, or 0.6 percent, to 1,943 in midday trading Monday.

The Dow Jones industrial average rose 62 points, or 0.4 percent, to 16,615. The Nasdaq composite rose 41 points, or 1 percent, to 4,412.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.43 percent.