Dow Jones finishes up

US investors put their interest rate worries on hold and sent stocks higher on Wall Street today after strong earnings reports from Time Warner and Procter & Gamble restored some of the market’s flagging confidence.

Time Warner’s $1bn (€781,730,000) dollar profit, compared to a loss a year ago, exceeded the market’s expectations and gave hope to investors disappointed with the media sector’s recent performance. A strong showing from P&G, the consumer products company, assuaged fears of a drop in consumer spending.