US stocks move higher; Time Warner soars - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

US stocks move 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.
  • NationalMore>>

  • Federal court upholds Fla.'s docs vs. glocks law

    Federal court upholds Fla.'s docs vs. glocks law

    Friday, July 25 2014 7:05 PM EDT2014-07-25 23:05:25 GMT
    A federal appeals court is upholding a Florida law that restricts what doctors can discuss about guns with their patients.
    A Florida law restricting what doctors can tell patients about gun ownership was deemed to be constitutional Friday by a federal appeals court, which said it legitimately regulates professional conduct and doesn't...
  • Carjacked SUV hits crowd, killing 3 young siblings

    Carjacked SUV hits crowd, killing 3 young siblings

    Friday, July 25 2014 6:55 PM EDT2014-07-25 22:55:53 GMT
    Two men forced a woman into the backseat of her vehicle at gunpoint, drove off but later lost control and plowed into a group of people on a corner near a fruit stand in Philadelphia on Friday, police said. Two...
    Two men carjacked a woman at gunpoint but soon sped out of control, killing three children Friday as they plowed into a group selling fruit to raise money for their church, Philadelphia police said.
  • Same-sex marriage ban struck down for Miami area

    Same-sex marriage ban struck down for Miami area

    Friday, July 25 2014 6:53 PM EDT2014-07-25 22:53:19 GMT
    A Florida judge has overturned the state's ban on same-sex marriage in a ruling that applies to Miami-Dade County, agreeing with a judge in another county who made a similar ruling last week.
    A Florida judge on Friday overturned the state's ban on same-sex marriage in a ruling that applies to Miami-Dade County, agreeing with a judge in another county who made a similar ruling last week.

NEW YORK (AP) - Stocks are opening higher following strong earnings results from big U.S. companies.

Time Warner soared 15 percent on news that Rupert Murdoch's Twenty-First Century Fox had made a bid for the media giant.

Intel jumped 5 percent after reporting a surge in earnings as companies spent more on replacing PCs.

Investors are keeping an eye on Federal Reserve Chair Janet Yellen, who is testifying to Congress for a second day.

The Dow Jones industrial average rose 65 points, or 0.4 percent, to 17,125 in the first few minutes of trading Wednesday.

The Standard & Poor's 500 index rose nine points, or 0.5 percent, to 1,982. The Nasdaq rose 29 points, or 0.7 percent, to 4,445.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.56 percent.

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

  • InternationalMore>>

  • Ebola outbreak spreads to 4th West African country

    Ebola outbreak spreads to 4th West African country

    Friday, July 25 2014 7:05 PM EDT2014-07-25 23:05:47 GMT
    Nigerian officials say a Liberian man died of Ebola in a Lagos hospital Friday after arriving in the country on Tuesday. It is the first case of Ebola to be confirmed in Nigeria since the current outbreak began in...
    An Ebola outbreak that has left more than 660 people dead across West Africa has spread to the continent's most populous nation after a Liberian man with a high fever vomited aboard an airplane to Nigeria and then died...
  • Venezuela official seeks immunity in Aruba ruling

    Venezuela official seeks immunity in Aruba ruling

    Friday, July 25 2014 6:33 PM EDT2014-07-25 22:33:57 GMT
    A judge in Aruba is expected to rule today whether the highest-ranking Venezuelan official ever arrested on a U.S. warrant will remain in jail pending an extradition request.
    A judge in Aruba was expected to rule Friday on whether the highest-ranking Venezuelan official ever arrested on a U.S. warrant will remain behind bars pending an extradition request on drug charges.
  • Migrants: Obama urges Latin leaders, GOP to help

    Migrants: Obama urges Latin leaders, GOP to help

    Friday, July 25 2014 6:07 PM EDT2014-07-25 22:07:26 GMT
    President Barack Obama is summoning Central American leaders to the White House to discuss the influx of young immigrants from their countries to the U.S., hoping to show presidential action even as Congress...
    Pressing for swift action, President Barack Obama on Friday urged Central American presidents and congressional Republicans to help ease the influx of minors and migrant families crossing the southwest border of the U.S.