Dow climbs 190 points following strong corporate earnings reports, news of ... - MassLive.com
In this March 13, 2015 photo, workers inspect new 2015 aluminum-alloy body Ford F-150 trucks at the company's Kansas City Assembly Plant in Claycomo, Mo. On Wall Street, shares of Ford stock rose 28 cents after the carmaker said profits jumped 44... NEW YORK — Global stocks steadied and U. S. markets marched higher Tuesday, as investors were encouraged by strong results from UPS, Ford and other big companies. "We just don't see any significant catalyst that will move this market higher, even after last week's declines," said Kristina Hooper, global market strategist with Allianz Global Investors. The Standard & Poor's 500 index rose 25. 61 points, or 1. 2 percent, to 2,093. 25 and the Nasdaq composite rose 49. 43 points, or 1 percent, to 5,089. 21. A dose of corporate earnings gains helped drive the advance Tuesday. UPS rose $4. 82, or 5. 1 percent, to $99. 94. The company saw profits jump from a year ago, helped by stronger business overseas. Ford rose 28 cents, or 1. 9 percent, to $14. 83. The carmaker said profits jumped 44 percent in the second quarter, helped by higher global sales and higher prices for premium trucks and SUVs. Source: www.masslive.com
