US stocks advance on earnings, possible Greece deal
Source: AP-Excite
By STEVE ROTHWELL
NEW YORK (AP) — A mix of positive earnings and corporate news boosted stocks on Tuesday. Signs that Greece might be willing to broker a deal with its creditors also gave the market a lift.
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 push for a stock buyback.
Stock investors have had a bumpy ride since the start of the year.
The market slumped in January as the ongoing drop in oil prices hit energy stocks and amid worries about the prospects for global growth. Stocks have bounced back in February as energy stocks rose from their lows and on signs that the U.S. economy is maintaining its recovery. On Tuesday, stocks logged a solid gain even after a big drop in oil prices pushed the energy sector lower.
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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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