Finance

Yahoo, PNC among early winners among US stocks

Stock indexes are opening higher after more U.S. companies reported solid earnings and some encouraging news about China's economy.

Yahoo soared 8 percent after the company said it was benefiting from its lucrative investments in Asia and that its advertising sales were recovering. PNC Financial rose 1 percent after reporting earnings that were better than analysts were expecting.

The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,850 in the first few minutes of trading Wednesday. The Dow Jones industrial average gained 83 points, or 0.5 percent, to 16,346 and the Nasdaq rose 14 points, or 0.4 percent, to 4,047.

Markets rose in Asia and Europe after China reported that its economy slowed less than many had feared in the first quarter.

Related Headlines

  • US stocks open lower on weakness in China

    U.S. stocks are opening lower as investors worry about some soft economic data from China and a profit warning by the British retailer Tesco. The Dow Jones industrial average ... 

  • Vincent Surace

    US stocks drift on conflicting economic news

    Stocks are little changed in midday trading as investors sort through conflicting economic news from the U.S. and China. China's manufacturing contracted in April for the ... 

  • US stocks edge higher; Best Buy gains

    Stocks are closing higher following an encouraging report on Chinese manufacturing and improving earnings from several U.S. retailers. Best Buy, Dollar Tree and L Brands rose ... 

  • Asia stocks muted; Tokyo rises as yen extends fall

    Japanese stocks pushed higher on Thursday as the yen sank further against the dollar while other Asian benchmarks struggled for direction after a mixed close on Wall Street. 

Find the best rates

Find your future job here