Skip to main content
Thursday, November 12, 2026Nov 12
Subscribe
All Sections
Search
More

Corporate earnings gains drive US stock higher

This Oct. 2, 2014 photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. Earnings gains from General Motors, 3M and other big companies are driving stocks sharply higher in early trading Thursday, Oct. 23, 2014. (AP Photo/Richard Drew)
This Oct. 2, 2014 photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. Earnings gains from General Motors, 3M and other big companies are driving stocks sharply higher in early trading Thursday, Oct. 23, 2014. (AP Photo/Richard Drew) This Oct. 2, 2014 photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. Earnings gains from General Motors, 3M and other big companies are driving stocks sharply higher in early trading Thursday, Oct. 23, 2014. (AP Photo/Richard Drew)

By Associated Press 1 min read

NEW YORK (AP) – Impressive results from Caterpillar, 3M and other big companies are driving stocks sharply higher in midday trading.

The gains powered a surge in industrial stocks, which rose 2.4 percent, nearly twice as much as the rest of the market.

Southwest Airlines gained 2 percent after reporting income that was better than analysts were expecting.

The Standard & Poor’s 500 index rose 26 points, or 1.4 percent, to 1,953 as of 11:55 a.m. Eastern time Thursday.

The Dow Jones industrial average rose 244 points, or 1.5 percent, to 16,706. The Nasdaq composite rose 74 points, or 1.7 percent, to 4,456.