Wednesday, October 22nd11.4°C
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US stocks move higher after solid earnings from Yahoo; Encouraging news on China economy

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 per cent, to close at 1,862 Wednesday.

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

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

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

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

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

The Canadian Press


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S&P TSX14312.07-235.64
S&P CDNX808.00-14.28
DJIA16461.32-153.49
Nasdaq4382.847-36.632
S&P 5001927.11-14.17
CDN Dollar0.8887-0.0008
Gold1242.30-3.20
Oil79.96-0.17
Lumber330.70+2.00
Natural Gas3.659+0.002

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.055-0.025
Anavex Life Sciences0.198+0.006
Metalex Ventures0.05+0.005
Russel Metals32.53-0.56
Copper Mountain Mining2.10-0.07
Colorado Resources0.145-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.405-0.055

 



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