US stocks mixed after strong Caterpillar earns

Published on NewsOK Modified: January 28, 2013 at 10:55 am •  Published: January 28, 2013
Advertisement
;

NEW YORK (AP) — U.S. stocks were mixed in midday trading despite of encouraging signs about the manufacturing sector, a key driver of economic growth.

The Dow Jones industrial average added 70 points to 13,895 and the Nasdaq composite average rose 11 points to 3,160. The S&P 500 dropped less than a point to 1,502.

Heavy equipment maker Caterpillar said its adjusted fourth-quarter net income exceeded analysts' expectations. The stock was the biggest gainer in the Dow Jones, rising $2.07 to $97.65.

The government said orders for long-lasting goods rose in December by 4.6 percent, helped by a 10 percent gain in orders for new aircraft.

A Realtor group said a measure of Americans who signed contracts to buy homes fell last month. Sales were held back by a limited supply of available homes.



Trending Now


AROUND THE WEB

  1. 1
    Oklahoma State's Justin Gilbert signs his rookie contract with the Cleveland Browns
  2. 2
    Tulsa police believe mother, teen son planned deaths together
  3. 3
    Kevin Durant asks for your basketball videos in Summer is Serious 2
  4. 4
    Big 12 basketball: Time, TV listing announced for Sooners' December game against Washington
  5. 5
    Lawsuit: 'Duck Dynasty' stole 'camo' idea
+ show more