US stocks gain, rebounding from Friday's slump; Hasbro jumps on strong earnings

Markets Associated Press

U.S. stocks are rising in midday trading, bouncing back from a big loss on Friday, as companies turn in healthy earnings reports.

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Hasbro was among the biggest gainers Monday after the toy maker reported earnings that were better than analysts had been expecting.

Oilfield services company Halliburton also rose after its earnings beat analysts' estimates.

The Dow Jones industrial average rose 229 points, or 1.3 percent, to 18,056 as of 11:45 a.m. Eastern time.

The Standard & Poor's 500 index gained 20 points, or 1 percent, to 2,102. The Nasdaq composite climbed 57 points, or 1.2 percent, to 4,989.

European markets rose. Germany's DAX gained 1.7 percent.

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Government bond prices edged lower. The yield on the benchmark 10-year Treasury note rose to 1.88 percent.