tennessean.com

Sponsored by:
brand
Apr 16, 4:12 PM EDT

US stocks rise, extending gains into third day

AP Photo
AP Photo/David Karp
Business Video

Latest Market News
How the Dow Jones industrial average fared

US stocks close higher for third day in a row

King and Bank of America are big market movers

IBM posts lower 1Q earnings amid hardware slump

Google's 1Q earnings disappoint as ad prices slip

AmEx posts higher 1Q profit as spending picks up

CSX railroad expects modest 2014 profit growth

Fund manager Q&A: Expect less from bonds

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Are Stocks Bouncing Back?

Stocks are higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy.

The Standard & Poor's 500 index rose 19 points, or 1 percent, to close at 1,862 Wednesday.

The Dow Jones industrial average rose 162 points, or 1 percent, to 16,424. The Nasdaq rose 52 points, or 1.3 percent, to 4,086.

Yahoo rose 6 percent. The Internet pioneer said it was benefiting from its lucrative investments in Asia.

Airline stocks also rose sharply. Delta gained 5 percent, jetBlue rose 6 percent and American Airlines rose 5 percent.

Bank of America fell 2 percent after booking $6 billion in legal costs over its home loan practices.

The yield on the 10-year Treasury note rose to 2.64 percent.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.