US stocks gain as investors assess corporate news
Source: AP-Excite
By STEVE ROTHWELL
NEW YORK (AP) — U.S. stocks gained Tuesday as investors assessed the latest corporate news.
Coca-Cola rose after the company reported a better-than-expected quarterly profit. General Motors gained after an activist investor said he would seek a seat on the company's board and intended to push for a stock buyback.
Energy stocks slumped after the International Energy Agency said that the recent rebound in prices would be "limited."
KEEPING SCORE: The Standard & Poor's 500 index rose 15 points, or 0.8 percent, to 2,062 as of 2:31 p.m. Eastern. The Dow Jones industrial average gained 97 points, or 0.6 percent, to 17,826. The Nasdaq composite rose 48 points, or 1 percent, to 4,774.
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FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange. Stocks were mostly higher on Tuesday, Feb. 10, 2015, despite losses in Asia, as investors monitor a standoff between Greece and its creditors that threatens to shake markets. (AP Photo/Richard Drew, File)
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