Don’t miss the latest developments in business and finance.

Wall Street ends higher as gold rebounds, earnings help

Image
Reuters NEW YORK
Last Updated : Apr 17 2013 | 2:10 AM IST

NEW YORK (Reuters) - U.S. stocks jumped more than 1 percent on Tuesday, a day after their worst decline since November, as gold prices rebounded and earnings from Coca-Cola and Johnson & Johnson improved the outlook for first-quarter results.

The Dow Jones industrial average hot up 157.58 points, or 1.08 percent, to end unofficially at 14,756.78. The Standard & Poor's 500 Index gained 22.21 points, or 1.43 percent, to finish unofficially at 1,574.57. The Nasdaq Composite Index climbed 48.14 points, or 1.50 percent, to close unofficially at 3,264.63.

(Reporting by Angela Moon; Editing by Jan Paschal)

Also Read

First Published: Apr 17 2013 | 1:50 AM IST

Next Story