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Wall Street climbs on earnings

Earnings results bolster sentiment as markets close higher on low volumes.
By · 22 Apr 2014
By ·
22 Apr 2014
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US stocks have closed higher as investors welcome solid earnings numbers from Halliburton and Hasbro.

At the closing bell, the Dow Jones Industrial Average had climbed 40.71 points, or 0.25%, to 16,449.25.

The broad-based S&P 500 lifted 6.99 points, or 0.37%, at 1,871.84, while the tech-heavy Nasdaq Composite Index jumped 26.03 points, or 0.64%, to 4,121.55.

With key European markets closed for the Easter Monday holiday, there was little in the way of leads for Wall Street at the open.

A lack of new data releases also saw investors short on inspiration, though earnings reports offered something in the way of a guide.

Among companies reporting strong results were toy maker Hasbro and oil services giant Halliburton, with stock in the two companies rising 2 and 3%, respectively.

Elsewhere, consumer products manufacturer Kimberly-Clark fell just shy of earnings expectations and saw its share price fall 1%.

The results lead off a big week of company releases, with profit numbers from Caterpillar, General Motors and Apple all eagerly anticipated.

Data is light on for the week, though home sales and manufacturing numbers will be closely watched.

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