U.S.
stocks rose a second day, after equities posted the worst week since
2012, as earnings from Coca-Cola Co. and Johnson & Johnson
overwhelmed concerns that tensions in Ukraine are worsening.
The
Nasdaq Composite Index gained 0.3 percent, erasing an earlier drop of
1.9 percent after nearing its average price in the past 200 days.
Coca-Cola gained 3.7 percent as global volume sales increased. Johnson
& Johnson climbed 2.1 percent as the company raised its forecast for
the year.
The
Standard & Poor™s 500 Index climbed 0.7 percent 1,842.92 at 4 p.m.
in New York, reversing a loss of 0.8 percent. The Dow Jones Industrial
Average gained 88.81 points, or 0.6 percent, to 16,262.05.
The
S&P 500 yesterday briefly erased a 1 percent gain, as technology
shares dipped, before closing higher to halt a two-day slide. The index
has dropped 2.5 percent from its April 2 record as selling from Internet
and biotechnology stocks, the best performers in a five-year rally,
spread to the broader market.
Copy Source : Bloomberg
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