US stocks start higher as latest earnings impress

AP News
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Posted: Nov 13, 2014 9:38 AM

NEW YORK (AP) — Stocks are opening higher as traders welcome some more positive corporate earnings news.

Wal-Mart Stores rose 3 percent, the most in the Standard & Poor's 500 index, after reporting income and revenue early Thursday that came in ahead of what analysts were expecting.

Media conglomerate Viacom also rose 2 percent after its own results topped forecasts.

The S&P 500 rose four points, or 0.2 percent, to 2,043 as of 9:35 a.m. Eastern time.

The Dow Jones industrial average rose 47 points, or 0.3 percent, to 17,661. The Nasdaq composite rose 12 points, or 0.3 percent, to 4,687.

Crude oil fell 84 cents to $76.35 a barrel. The price is at a four-year low as supplies rise.

The yield on the 10-year Treasury note held steady at 2.36 percent.