Saturday, May 18, 2013

Latest local news, weather and high school sports for Northern Michigan

Stocks open higher on Wall Street
by IEVA M. AUGSTUMS
Posted: 10.19.2009 at 9:37 AM
0

Stocks moved slightly higher in early trading despite a handful of mixed earnings reports.

The toymaker Hasbro Inc., like many other companies, says its third-quarter earnings rose as it cut costs, but reported that its revenue fell. Gannett Co., the country's largest newspaper publisher, also had a profitable quarter even with another big decline in ad revenue.

Investors are anxious to see if companies from a broad range of industries fared better in the quarter than banks did.

In the first few minutes of trading, the Dow Jones industrial average is up 14.21, or 0.1 percent, at 10,010.12. The Standard & Poor's 500 index is up 1.80, or 0.2 percent, to 1,089.48. The Nasdaq composite index is up 4.06, or 0.2 percent, at 2,160.86.

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