US stocks have best day this year; Dow rises 115

Published on NewsOK Modified: January 14, 2014 at 3:11 pm •  Published: January 14, 2014
Advertisement
;

NEW YORK (AP) — The stock market had its best day of the year as technology companies surged.

The Dow Jones industrial average rose 115 points, or 0.7 percent, to close at 16,373 Tuesday. It was only the third gain of the year for the Dow.

The Standard & Poor's 500 index rose 19 points, or 1.1 percent, to 1,838. The technology-heavy Nasdaq composite index rose 69 points, or 1.7 percent, to 4,183.

Intel rose 4 percent, the most of the 30 stocks in the Dow, followed by Microsoft with a 2 percent increase.

Time Warner Cable rose 3 percent after the company rejected a takeover bid from Charter Communications, raising hopes that the price would be increased.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.87 percent.



Trending Now


AROUND THE WEB

  1. 1
    9-year-old girl dies from brain-eating amoeba after swimming
  2. 2
    Did Pope Francis really tell a 90-year-old atheist journalist that 1 in 50 priests are pedophiles?
  3. 3
    Facebook and Twitter won the World Cup Final
  4. 4
    Dead body falls out of coroner's van along busy road
  5. 5
    Tracy Morgan: Recovering in style -- first pic since NJ turnpike crash
+ show more