Thursday 14 February 2013

Stocks rise on Comcast deal, strong U.S. earnings

(AP) ? Stocks are edging higher in the early going after strong U.S. earnings and General Electric's sale of its remaining NBCUniversal stake.

The Dow Jones industrial average rose 1 point to 14,020 shortly after the opening bell Wednesday. The index rose to its highest close since 2007 on Tuesday following strong quarterly results from builders and retailers.

The Standard & Poor's 500 index rose 3 points to 1,523. The Nasdaq composite climbed 10 points 3,197.

Deere & Co. and Duke Energy are reporting strong earnings. GE is selling its 49 percent stake in NBCUniversal to Comcast Corp. the nation's largest cable TV operator, for $16.7 billion.

The government reported retail sales ticked up 0.1 percent last month. The small increase suggests spending may be weak in the January-March quarter.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-02-13-US-Wall%20Street-Open/id-05e44fa6a6b643849186418eb72b9782

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