Stand-in skipper Jitesh believes the absence of key England players will not affect his side's morale on Sunday
sports5 hours ago
The Dow Jones industrial average climbed 44 points to 13,145 as of 11 a.m. (1500 GMT). The Standard & Poor’s 500 index rose three points to 1,416 and the Nasdaq composite index rose two to 2,991.
Facebook appeared poised for its best day since its stock market debut in May. The company said late Tuesday that 14 percent of its advertising revenue came from mobile devices, allaying some investor concerns.
The stock climbed $4.25, or 21 percent, to $23.75. Facebook has swung widely since its IPO at $38 a share, and has traded as low as $17.55.
Boeing, one of the 30 stocks in the Dow, raised its profit expectation for the year. It said it expects to earn $4.80 to $4.95 per share, up from a previous estimate of $4.40 to $4.60. The stock rose $1, or 1.4 percent, to $73.82.
Another Dow stock, AT&T, said it added the fewest wireless customers since 2003, far behind Verizon Wireless. AT&T still made 63 cents per share in the last quarter, beating the estimates of financial analysts. The stock fell 13 cents to $34.87.
Lower corporate revenue and lower expectations for the rest of the year drove a big decline in stocks Tuesday. The Dow fell 243 points, its third-biggest decline of the year. DuPont, 3M, UPS and Xerox all reported lower revenue than a year ago.
A measure of manufacturing in China, the world’s second-largest economy after the United States, improved this month to a three-month high. China’s white-hot economic growth has been slowing.
The higher open on Wall Street followed small gains in European stock markets. Benchmark indexes rose 0.2 percent in Germany, 0.3 percent in France and 0.2 percent in Britain.
In the US, bond prices inched lower, sending yields up. The yield on the benchmark 10-year Treasury note climbed to 1.79 percent from 1.76 percent late Tuesday.
Among other stocks in the news:
Stand-in skipper Jitesh believes the absence of key England players will not affect his side's morale on Sunday
sports5 hours ago
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