US stocks rise, breaking a three-day slump
Source: AP-EXCITE
By ALEX VEIGA
U.S. stocks moved higher in afternoon trading Tuesday, on track for their first gain after three straight losses. Investors were focusing on a slate of corporate earnings, including better-than-expected results from Citibank and Domino's Pizza. Airline stocks also were among the big risers.
KEEPING SCORE: The Dow Jones industrial average rose 70 points, or 0.4 percent, to 16,391 as of 1:49 p.m. Eastern time. The Standard & Poor's 500 index added 13 points, or 0.7 percent, to 1,888. The Nasdaq gained 36 points, or 0.8 percent, to 4,250.
THE QUOTE: "We'll see how much stability comes back to the market as a result of this," said Matt Whitbread, investment manager at Baring Asset Management. "We've seen some active afternoon sessions of late where we've seen some quick give-ups of some of the morning gains."
LONG WAY BACK: Stocks are coming off their worst week in more than two years. The Dow went negative for the year on Friday. A late-afternoon slide on Monday extended the market slump, sending the Dow 222 points lower. The Dow is now down 1.1 percent for 2014, while the S&P 500 index is up 2.1 percent.
FULL story at link.
Specialist Glenn Carell, left, and trader Gregory Rowe work on the floor of the New York Stock Exchange Tuesday, Oct. 14, 2014. U.S. stocks rose moderately in early trading Tuesday as investors pored over corporate earnings reports. (AP Photo/Richard Drew)
Read more: http://apnews.excite.com/article/20141014/financial_markets-131b1fe152.html
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