National News

Apr 23, 2013 4:47 PM by Associated Press

Stocks gain on earnings; fake tweet rattles market

NEW YORK (AP) - The stock market climbed Tuesday following strong earnings across a range of U.S. industries.

Coach, Lockheed Martin, DuPont and Travelers all rose after they reported results that were better than analysts expected.

Markets swooned briefly, then quickly recovered, shortly after 1 p.m. when The Associated Press' Twitter account was hacked and a fake tweet was posted about an attack at the White House.

Major indexes rose about 1 percent.

The Dow Jones industrial average increased 152 points to 14,719.

The Standard & Poor's 500 index rose 16 points to 1,578 and the Nasdaq composite rose 35 points to 3,269.

The gains were broad. Four stocks rose for every one that fell on the New York Stock Exchange. Volume was average at 3.5 billion shares.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

»Comments

PLEASE HELP US MODERATE COMMENTS

Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.

Thank you! KSBY.com


Most Popular

Top Videos

1 2 3 4