The Joplin Globe, Joplin, MO

Business

July 19, 2012

US stocks creep up; IBM, other tech stocks rise

NEW YORK — Strong earnings from IBM and other technology companies are helping the stock market close higher for the third day straight.

The Dow Jones industrial average rose 35 points to 12,943 on Thursday.

IBM was the Dow’s top stock. The technology giant surged 4 percent after it posted a jump in profits late Wednesday. Big banks and financial firms were mostly lower, following poor earnings from American Express and Morgan Stanley.

The Standard & Poor’s 500 index inched up four points to 1,377. The Nasdaq gained 23 points to 2,966.

The Dow is now up 1.3 percent for the week, the S&P 500 index 1.5 percent.

Rising stocks outpaced falling ones by a small margin on the New York Stock Exchange. Trading volume was higher than average at 3.9 billion.

 

1
Text Only
Business
Poll

Missouri Republicans are considering a new approach to prevent federal agents from enforcing laws the state considers to be infringements on gun rights: barring them from future careers in state law enforcement agencies. Do you think this proposal has merit?

Yes
No
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Deadly Avalanche Sweeps Slopes of Mount Everest