Sign in to comment!

Menu
Home

Market Update

The US stock market rises in midday trading following earnings, corporate news

4e66f1e1015d7410VgnVCM100000d7c1a8c0____-Financial Markets Wall Street-1.jpg

FILE - This Jan. 4, 2010 file photo shows an historic marker on Wall Street in New York. The U.S. stock market crept up in midday trading Thursday, Aug. 14, 2014, following a mixed batch of corporate news. (AP Photo/Mark Lennihan, File) (The Associated Press)

The U.S. stock market is rising modestly in midday trading following a batch of earnings and corporate news.

The Dow Jones industrial average gained 33 points, or 0.2 percent, to 16,684 as of noon Eastern time Thursday. The Standard & Poor's 500 index rose four points, or 0.2 percent, to 1,951.

The Nasdaq composite climbed eight points, or 0.2 percent, to 4,442.

Retailer Kohl's rose 3 percent after reporting income that beat analysts' expectations.

The Class A shares of Warren Buffett's Berkshire Hathaway traded above $200,000 for the first time.

Cisco fell 2 percent after the network equipment maker reported lower sales and profits. Cisco also said it would lay off 8 percent of its workforce.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.41 percent.