US stocks mostly climb on robust earnings
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NEW YORK, Jan 29 AFP
January 30 2013, 08:39AM
US stocks have scored mostly solid gains after a batch of better-than-expected company earnings, but Yahoo! and cloud computing group VMware weighed on the Nasdaq.
In closing trade on Tuesday, the Dow Jones Industrial Average was up 73.03 points (0.53 per cent) at 13,954.96.
The S&P 500, a broad measure of the markets, advanced 7.72 points (0.51 per cent) to 1,507.90.
The tech-rich Nasdaq Composite Index edged down a mere 0.64 point (0.02 per cent) to 3,153.66.
Investors shrugged off a weaker-than-expected reading in consumer confidence for focus on positive corporate profit tallies, Charles Schwab & Co said in a market note.
The Nasdaq was "hamstrung by Yahoo Inc's softer-than-expected guidance and VMware Inc's disappointing revenue outlook," it said.
