Earnings in forecast, U.S. stocks mostly higher
An investor in Shanghai, China looks at the stock price monitor at a private securities company in this September 2012 file photo. (AP Photo)
Malcolm Morrison, The Canadian Press
Published Monday, April 21, 2014 5:57AM EDT
Last Updated Monday, April 21, 2014 12:57PM EDT
NEW YORK -- U.S. stocks are moving higher at the beginning of another big week for company earnings.
Halliburton rose 3 per cent after the oil exploration company posted a profit for the first quarter, bouncing back from a loss in the same period a year ago. Athenahealth, a provider of online services for the health care industry, slumped after its earnings fell short of analysts' forecasts.
The Standard & Poor's 500 index rose four points, or 0.2 per cent, to 1,868 in midday trading Monday. The index is coming off its best week since July.
The Dow Jones industrial average rose 25 points, or 0.2 per cent, to 16,434.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.70 per cent.