Monday, October 20th11.8°C
23836
22646

US indexes rise as corporate earnings get underway; Alcoa leads a rally in materials stocks

NEW YORK, N.Y. - Stocks are rising as corporate earnings begin on a positive note.

Alcoa led a rally in companies that make basic materials after the aluminum maker reported earnings that were better than investors were expecting. Alcoa rose 4 per cent.

Technology stocks, which fell sharply over the past week, also rose. Facebook gained 5 per cent.

The Standard & Poor's 500 index rose six points, or 0.3 per cent, to 1,858 as of noon (1600 GMT) Wednesday.

The Dow Jones industrial average rose 59 points, or 0.4 per cent, to 16,315. The Nasdaq composite rose 28 points, or 0.7 per cent, to 4,141.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.71 per cent.

The Canadian Press


Read more Business News

23658


Recent Trending




Today's Market
S&P TSX14337.77+110.09
S&P CDNX811.351.22
DJIA16399.6719.26
Nasdaq4316.075+57.637
S&P 5001904.01+17.25
CDN Dollar0.8864+0.0005
Gold1247.60+2.90
Oil81.45+0.07
Lumber330.40-0.50
Natural Gas3.67-0.001

 
Okanagan Companies
Pacific Safety0.10-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.12+0.01
Cantex0.055-0.025
Anavex Life Sciences0.191+0.001
Metalex Ventures0.050.00
Russel Metals32.28-0.07
Copper Mountain Mining1.99+0.05
Colorado Resources0.15+0.005
ReliaBrand Inc0.0111-0.0019
Sunrise Resources Ltd0.060.00
Mission Ready Services0.450.00

 





FEATURED Property
2030463#205-5275 Buchanan Road
2 bedrooms 2 baths
$549,900
more details
image2
Click here to feature your property
Please wait... loading


Keep it rubber side down

This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...


Big bank predicts rate hike

Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...


Experts share strategies in Kelowna

The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...

_








Member of BC Press Council


23824