US stocks open mostly higher on stronger earnings

AP News
|
Posted: Jul 23, 2015 9:41 AM
US stocks open mostly higher on stronger earnings

U.S. stocks are mostly higher after several companies reported earnings gains.

General Motors, Raytheon and Sandisk all rose early Thursday after reporting results that were better than analysts were expecting.

A handful of companies in the Dow Jones industrial average didn't do as well, pulling the 30-stock index slightly lower.

American Express, Caterpillar and 3M all released weaker-than-expected results.

The Dow was down 27 points, or 0.2 percent, at 17,823 as of 9:35 a.m. Eastern time.

The broader Standard & Poor's 500 index was up half a point at 2,114. The Nasdaq composite rose nine points, or 0.2 percent, to 5,181.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.33 percent.