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Printable Page Headline News   Return to Menu - Page 1 2 3 5 6 7 8 13
 
 
Stocks Higher After Earnings Reports   07/22 09:14

   Solid earnings for a range of companies helped nudge the stock market higher 
in early Tuesday trading. The restaurant chain Chipotle and Comcast, the giant 
cable company, surged after reporting better results than Wall Street expected.

   NEW YORK (AP) -- Solid earnings for a range of companies helped nudge the 
stock market higher in early Tuesday trading. The restaurant chain Chipotle and 
Comcast, the giant cable company, surged after reporting better results than 
Wall Street expected.

   KEEPING SCORE: The Dow Jones industrial average rose 53 points, or 0.3 
percent, to 17,103 as of 10:06 a.m. Eastern time. The Standard & Poor's 500 
index added eight points, or 0.4 percent, to 1,982. The Nasdaq composite 
advanced 26 points, or 0.6 percent, to 4,451.

   MORE BURRITOS: After the market closed Monday, Chipotle Mexican Grill 
reported that stronger sales drove its quarterly profit up 26 percent. The 
restaurant chain's results beat analysts' expectations, even as it raised 
prices on a range of menu items. Chipotle surged $68.42, or 12 percent, to 
$658.10 early Tuesday, the biggest gain in the S&P 500 index.

   PLUGGED IN: Comcast, the country's largest cable company, reported quarterly 
profits that topped Wall Street's targets, as more people signed up for 
Internet service. Comcast gained 81 cents, or 1.5 percent, to $54.63.

   COKE: Weak sales of Diet Coke and fruit juice weighed down Coca-Cola's 
second-quarter results, leading the company to post and weaker revenue than 
Wall Street expected. Overall profit fell slightly. Coca-Cola's stocksank 
$1.21, or 3 percent, to $41.20.

   BIG WEEK: Nearly a third of the big companies in the S&P 500 index will 
announce their quarterly results this week, including AT&T and Boeing on 
Wednesday, followed by Visa and Amazon on Thursday. Apple reports after the 
closing bell on Tuesday.

   EUROPE: Major stock markets in Europe were mostly higher Tuesday. Both 
Germany's DAX and France's CAC-40 picked up 1 percent. Britain's FTSE 100 
advanced 0.9 percent.

   BONDS AND OIL: U.S. government bond prices fell. The yield on the 10-year 
Treasury note rose to 2.49 percent. Benchmark U.S. crude oil fell 11 cents to 
$102.75 a barrel.


(KA)


 
 
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