US stock move higher on corporate news, earnings

AP News
Posted: Aug 11, 2014 11:56 AM
US stock move higher on corporate news, earnings

NEW YORK (AP) — U.S. stocks are moving higher as investors turn their focus to corporate news and as tensions ease in Ukraine.

Priceline rose 3 percent after the online discounter reported better earnings than analysts were expecting. Chiquita Brands soared 31 percent on a buyout offer.

Kinder Morgan rose 10 percent after announcing it would consolidate a group of oil and gas pipeline and storage companies it controls.

The Standard & Poor's 500 index rose 12 points, or 0.6 percent, to 1,943 in midday trading Monday.

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The Dow Jones industrial average rose 62 points, or 0.4 percent, to 16,615. The Nasdaq composite rose 41 points, or 1 percent, to 4,412.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.43 percent.