Stock market rises as big earnings week starts

Stock market moved higher midday Monday, ahead of a big week for company earnings. The slight rise comes after a long weekend for the US stock market. 

By

  • close
    Trader Benedict Willis (L) talks with floor supervisor Yevette Arrington on the floor of the New York Stock Exchange Monday. The stock market was up slightly to start a big week of earnings reports.
    View Caption

The U.S. stock market is moving higher at the beginning of another big week for company earnings.

Halliburton rose 3 percent after the oil exploration company posted a profit for the first quarter, bouncing back from a loss in the same period a year ago. Athenahealth, a provider of online services for the health care industry, slumped after its earnings fell short of analysts' forecasts.

The Standard & Poor's 500 index rose four points, or 0.2 percent, to 1,868 in midday trading Monday. The index is coming off its best week since July.

Recommended: Can you speak Wall Street-ese? Take our stock market quiz.

The Dow Jones industrial average rose 25 points, or 0.2 percent, to 16,434.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.70 percent.

Share this story:
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.
 

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...