NEW YORK (AP) — Stocks have closed moderately higher after investors sorted through a mix of earnings numbers and awaited reports from Yahoo Inc. and Apple Inc. after the close.
The market had another in a series of erratic days. Stocks fell early on disappointment over revenue at IBM, Johnson & Johnson and Goldman Sachs, but drifted higher in afternoon trading.
According to preliminary calculations, the Dow Jones industrial average rose 75, or 0.7 percent, to 10,229. The Standard & Poor’s 500 index rose 12, or 1.1 percent, to 2,084. The Nasdaq composite index gained 24, or 1.1 percent, to 2,222.49.
Advancing stocks outpaced losers by 4 to 1 on the New York Stock Exchange. Volume came to a light 1.1 billion shares.
