Stocks push higher as corporate profits increase

AP News
Posted: Oct 22, 2013 9:46 AM
Stocks push higher as corporate profits increase

NEW YORK (AP) — Higher profits from Delta, Whirlpool and other U.S. companies are pushing the stock market higher in early trading.

The Standard & Poor's 500 index is rising further into record territory and is on track for its fourth all-time high close in a row.

The S&P 500 was up six points, or 0.4 percent, to 1,750 a few minutes after trading began Tuesday.

The Dow Jones industrial average was up 29 points, or 0.2 percent, at 15,420. The Nasdaq composite was up 18 points, or 0.5 percent, at 3,938.

15 Days Till Trump Crushes Them Again
Kevin McCullough

Bond yields fell after the government reported that hiring slowed in September. The report suggested the Federal Reserve may keep up its economic stimulus for some time.

The yield on the 10-year Treasury note fell to 2.54 percent from 2.60 percent.