Share “US stocks head higher, easing a January slump”

US stocks head higher, easing a January slump

Published on NewsOK Modified: January 15, 2014 at 11:02 am •  Published: January 15, 2014
Advertisement

NEW YORK (AP) — Stocks are moving higher in midday trading, helping the market erase a January slump.

Bank of America led other banking stocks higher after reporting that loans on its balance sheet continued to improve in the fourth quarter. Technology stocks also rose. Apple and Microsoft gained 2 percent.

The Dow Jones industrial average climbed 120 points, or 0.7 percent, to 16,494 in midday trading Wednesday.

The Standard & Poor's 500 index rose nine points, or 0.5 percent, to 1,848, a fraction of a point below its record high close on Dec. 31. The gain nearly wiped out the S&P 500's loss for the year.

The Nasdaq rose 26 points, or 0.6 percent, to 4,209.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.90 percent.


AROUND THE WEB

  1. 1
    An Oklahoma Immigrant's Experience, Recast As Noir, In 'Dragonfish'
  2. 2
    Summer well spent: Youths shadow professionals in mentoring program
  3. 3
    Norman residents disturbed after seeing vulgar, racist graffiti on homes, vehicles
  4. 4
    Vinita police chief: Extreme sunburn case still under investigation, drawing international media...
  5. 5
    Hundreds pack memorial service for man killed at north Tulsa park
+ show more

FEATURED JOBS



× Trending business Article