Stocks Rise After Solid Economic Reports, Earnings

By: AP
By: AP

Stocks are opening higher as solid economic news and strong corporate earnings highlight the economy's growing momentum.

The government said Thursday that orders to factories for long-lasting manufactured goods increased in December for the second straight month as companies bought more machinery and equipment. New claims for unemployment benefits rose only modestly.

Manufacturing conglomerate 3M rose 1.5 percent after its fourth-quarter profit beat Wall Street's estimates. Caterpillar rose 3 percent after beating analysts' estimates last quarter. The heavy equipment maker said it expect to do the same this year.

The Dow Jones industrial average is up 52 points, or 0.4 percent, at 12,809. The Standard & Poor's 500 index is up 4, or 0.3 percent, at 1,329. The Nasdaq composite average is up 10, or 0.4 percent, at 2,828.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 138120663 - kktv.com/a?a=138120663
Gray Television, Inc.