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US stocks rise, boosted by company earnings

7:14 AM, Jan 10, 2013   |    comments
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NEW YORK (AP) - U.S. stocks closed higher on Wednesday, boosted by encouraging quarterly results from several well-known companies.

The Dow Jones industrial average climbed nearly 62 points to 13,390.51, its first gain of the week. The S&P 500 gained nearly 4 points to 1,461.02, and the Nasdaq composite rose 14 to 3,105.81.

On the New York Stock Exchange, for every stock that fell, another two rose.

Airplane maker Boeing rose 3.5 percent after falling for two days because of worries about technical problems with its 787s.

Consumer products maker Helen of Troy, whose brands include Dr. Scholl's and Vidal Sassoon, rose after reporting a 15 percent profit increase. Monsanto rose a day after reporting higher profits.

Volume was in line with the recent average at 3.6 billion shares.

 

 

 

 

 

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