The Joplin Globe, Joplin, MO


July 9, 2013

Stocks head higher for fourth day

NEW YORK — Industrial and raw material companies powered the stock market higher Tuesday for a fourth straight day of gains.

Aluminum maker Alcoa reported second-quarter earnings late Monday that beat analysts’ expectations. The company, considered a bellwether for the economy, benefited from strong demand for aluminum used in autos and airplanes.

Alcoa was the first major company to announce quarterly results.

The Dow Jones industrial average rose 79 points, or 0.5 percent, to 15,304 as of 9:54 a.m. Eastern Daylight Time. The Standard & Poor’s 500 index gained 9 points, or 0.5 percent, to 1,649. The Nasdaq composite rose 10 points, or 0.3 percent, to 3,495.

In government bond trading, the yield on the 10-year Treasury note was little changed at 2.63 percent early Tuesday. The yield has pulled back after surging to 2.74 percent Friday, its highest level in almost two years, after the government reported strong hiring for June.

In commodities trading, the price of oil fell 16 cents, or 0.2 percent to $102.96 a barrel. Gold rose $19.20, or 1.6 percent, to $1,254.40.

Among stocks making big moves:

— Barnes and Noble rose 79 cents, or 4.6 percent, to $18.44 after the bookseller said Monday its CEO is leaving after three years. The company didn’t name a replacement.

— Intuitive Surgical, a maker of robotic surgery systems, plunged $86.52, or 17 percent, to $413.56 after the company forecast disappointing second-quarter sales late Monday.

— WD-40 rose $4.87, or 8.4 percent, to $62.52 after the maker of maintenance products reported earnings that beat financial analysts’ forecasts.


Text Only

A new provision by the U.S. Department of Agriculture allows qualifying districts with high percentages of students on food assistance to allow all students to eat free breakfasts and lunches. Would you agree with this provision?

     View Results
Twitter Updates
Follow us on twitter
NDN Video
Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Palestinians and Israeli Soldiers Clash Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive