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.
NEW YORK — 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.
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.