US stocks close higher; Time Warner soars - WDRB 41 Louisville News

US stocks close higher; Time Warner soars

Posted: Updated:
(AP Photo/Mark Lennihan, File). FILE - This March 4, 2013 file photo shows a sign for Wall Street on the side of building near the New York Stock Exchange, in New York. (AP Photo/Mark Lennihan, File). FILE - This March 4, 2013 file photo shows a sign for Wall Street on the side of building near the New York Stock Exchange, in New York.

NEW YORK (AP) - Stocks are closing higher following strong earnings results and deal news from big U.S. companies.

The gains pushed the Dow Jones industrial average to its second record high close this month.

The Dow rose 77 points, or 0.5 percent, to 17,138 Wednesday, beating the record high close it set on July 3.

The Standard & Poor's 500 index rose eight points, or 0.4 percent, to 1,981. The Nasdaq composite rose nine points, or 0.2 percent, to 4,425.

Time Warner soared 17 percent on news that Rupert Murdoch's Twenty-First Century Fox had made a bid for the media giant.

Intel jumped 9 percent after reporting a surge in earnings as companies spent more on replacing PCs.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.53 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • NationalMore>>

  • Police hunt for 2 who carjacked SUV, killed 3 kids

    Police hunt for 2 who carjacked SUV, killed 3 kids

    Saturday, July 26 2014 9:12 AM EDT2014-07-26 13:12:59 GMT
    Police are searching for two men who carjacked an SUV and plowed into a group of children and adults selling fruit at a Philadelphia street corner, killing three kids and seriously injuring two women.More >>
    Police are searching for two men who carjacked an SUV and plowed into a group of children and adults selling fruit to raise money for their church, killing three siblings and critically injuring their mother and the...More >>
  • Ohio State under shadow again, this time with band

    Ohio State under shadow again, this time with band

    Saturday, July 26 2014 6:44 AM EDT2014-07-26 10:44:31 GMT
    The Ohio State marching band is moving forward without its director; a day after he was fired they're performing with the Columbus Symphony in what's often considered the band's unofficial season kickoff.More >>
    Having forced out a beloved football coach and watched its president retire after a series of verbal gaffes, Ohio State University again finds itself grabbing headlines with the firing of a celebrated marching band...More >>
  • Judge dismisses lawsuit over Amelia Earhart search

    Judge dismisses lawsuit over Amelia Earhart search

    Saturday, July 26 2014 6:44 AM EDT2014-07-26 10:44:13 GMT
    A federal judge has dismissed a Wyoming man's lawsuit claiming a group secretly found the missing airplane of aviation pioneer Amelia Earhart in the South Pacific but kept it quiet so it could continue to raise...More >>
    A federal judge on Friday dismissed a Wyoming man's claims that an aircraft recovery group secretly found wreckage of aviation pioneer Amelia Earhart's missing airplane in the South Pacific but kept it quiet so it...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.