US stocks open broadly higher as company earnings impress
NEW YORK (AP) — U.S. stocks are opening slightly higher as more companies turn in healthy earnings reports.
Paper products maker Kimberly-Clark gained 5 percent in early trading Tuesday after its income and revenue easily beat analysts’ forecasts. Fifth Third Bancorp also rose after releasing better-than-expected results.
The Dow Jones industrial average rose 46 points, or 0.3 percent, to 18,084.
The Standard & Poor’s 500 index rose seven points, or 0.3 percent, to 2,107. The Nasdaq composite climbed 25 points, or 0.5 percent, to 5,020.
The price of oil fell 21 cents to $56.17 a barrel in New York.
Government bond prices fell. The yield on the benchmark 10-year Treasury note rose to 1.90 percent.