Stocks are closing solidly higher on Wall Street as the market claws back a small part of the ground it has lost this month, the AP reports. Several companies gained ground Tuesday after reporting results… Money News Summaries.
(Newser)
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Stocks are closing solidly higher on Wall Street as the market claws back a small part of the ground it has lost this month, the AP reports. Several companies gained ground Tuesday after reporting results that pleased investors. Oreo maker Mondelez International climbed 5% Tuesday, and athletic clothing maker Under Armour soared 27.8%. American Tower jumped 5.3%. General Electric plunged 8.8% after slashing its dividend and disclosing a criminal probe into its accounting. The S&P 500 index rose 41 points, or 1.6%, to 2,682. It’s still down 8% this month. The Dow Jones Industrial Average climbed 431 points, or 1.8%, to 24,874. The Nasdaq added 111 points, or 1.6%, to 7,161.
