Markets Right Now: Solid Earnings Send US Stocks Higher

Associated Press |


NEW YORK (AP) — The latest on developments in financial markets (all times local):

Strong earnings from investment banks and big health care companies are helping send stocks solidly higher in early trading on Wall Street.

Morgan Stanley climbed 3.8 percent in the first few minutes of trading Tuesday, and Goldman Sachs increased 1.6 percent.

UnitedHealth Group, a major health insurer, rose 2.1 percent and Johnson and Johnson rose 2.2 percent.

Technology stocks were also higher following a recent bout of weakness. Microsoft rose 1.9 percent.

The S&P 500 index rose 20 points, or 0.7 percent, to 2,770.

The Dow Jones Industrial Average climbed 195 points, or 0.8 percent, to 25,444. The Nasdaq composite added 74 points, or 1 percent, to 7,506.

Bond prices were little changed. The yield on the 10-year Treasury note held steady at 3.16 percent.

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Companies

Symbol Name Price Change % Volume
UNH UnitedHealth Group Incorporated (DE) 271.11 6.17 2.33 3,857,794 Trade
JNJ Johnson & Johnson 145.99 1.49 1.03 8,494,311 Trade
MS Morgan Stanley 44.13 -0.17 -0.38 9,775,079 Trade
GS Goldman Sachs Group Inc. (The) 202.12 -1.62 -0.80 2,829,572 Trade
MSFT Microsoft Corporation 108.29 1.01 0.94 33,502,121 Trade

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