Stocks close higher as investors digest earnings

US Stocks have closed moderately higher after investors sorted through a mix of earnings numbers and awaited reports from Yahoo Inc and Apple Inc after the close.

Stocks close higher as investors digest earnings

US Stocks have closed moderately higher after investors sorted through a mix of earnings numbers and awaited reports from Yahoo Inc and Apple Inc after the close.

Stocks fell early on disappointment over revenue at IBM, Johnson & Johnson and Goldman Sachs, but drifted higher in afternoon trading.

According to preliminary calculations, the Dow Jones industrial average rose 75, or 0.7%, to 10,229.

The Standard & Poor’s 500 index rose 12, or 1.1%, to 1,084. The Nasdaq composite index gained 24, or 1.1%, to 2,222.49.

Advancing stocks outpaced losers by four to one on the New York Stock Exchange. Volume came to a light 1.1 billion shares.

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