Markets Right Now: Industrial lead US stocks broadly higher - KWWL - Eastern Iowa Breaking News, Weather, Closings

Markets Right Now: Industrial lead US stocks broadly higher

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By The Associated Press

U.S. stocks were broadly higher in midday trading as investors cheered solid earnings from several companies.
   
The rally Friday extended the market's modest gains from the day before.
   
Industrials stocks were up the most. Energy companies also rose as the price of crude oil headed higher.
   
Deere & Co. jumped 7.6 percent after delivering a strong earnings report, and Chesapeake Energy climbed 3.8 percent.
   
Foot Locker plunged 15 percent after its profits fell short of analysts' forecasts.
   
The Standard & Poor's 500 index increased 18 points, or 0.8 percent, to 2,383.
   
The Dow Jones industrial average gained 123 points, or 0.6 percent, to 20,787. The Nasdaq composite rose 38 points, or 0.6 percent, to 6,093.
   
Bond prices fell. The yield on the 10-year Treasury note rose to 2.25 percent.
 

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