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

  • Robert Moran

    US stocks slide on worries over earnings, China

    Stocks are broadly lower after earnings and forecasts from several U.S. companies disappointed investors. Investors also worried about a slowdown in China, a major driver of ... 

  • Gregory Rowe,  Joseph Mastrolia

    US stocks slip on signs of weakness in China

    U.S. stocks are closing slightly lower following disappointing economic news from China and Japan. The Standard & Poor's 500 index edged down a point to close at 1,877 Monday. 

  • Tech sell-off roils global markets

    Renewed weakness in the tech-heavy Nasdaq index in the U.S. roiled global markets Friday. The Nasdaq index fell a further 0.6 percent to 4,029 after slumping 3 percent on ... 

  • European markets underperform amid Crimea fears

    Rising tensions in Crimea as Russian troops seize Ukrainian ships and military installations have weighed on markets, particularly in Europe, on Monday. The military activity ... 

Find the best rates

Find your future job here