TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Better US economic growth, earnings drive stocks
Steady growth in the U
Change Size
Steady growth in the U.S. economy and higher company earnings are pushing the stock market higher in early trading.
The Dow Jones industrial average was up 45 points, or 0.3 percent, to 15,566 after the first few minutes of trading.
The Standard & Poor's 500 index was up four points, also 0.3 percent, to 1,690. The Nasdaq composite rose 16 points, or 0.5 percent, to 3,633.
Bond yields rose after the government reported that the U.S. economy grew at an annual rate of 1.7 percent in the second quarter, more than economists were expecting.
The yield on the 10-year Treasury note rose to 2.69 percent from 2.61 percent.
MasterCard rose 3 percent to $620.73 after reporting a 19 percent increase in second-quarter profit as more people worldwide used its cards.
