Markets Right Now: Strong earnings send US stocks higher

Strong earnings from big U.S. companies are sending stocks solidly higher at the end of a choppy week of trading.

Procter & Gamble led a broad rise in consumer products makers Friday after reporting higher earnings. The stock soared 7 percent, its biggest gain in 10 years.

American Express jumped 3.5 percent after reporting a solid quarter, and PayPal climbed 8.5 percent.

Technology and internet companies bounced back after some recent losses, but health care companies are lower.

The S&P 500 rose 17 points, or 0.6 percent, to 2,785.

The Dow Jones Industrial Average climbed 163 points, or 0.6 percent, to 25,542. The Nasdaq added 32 points, or 0.4 percent, to 7,516.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.20 percent.

9:35 a.m.

Strong earnings from a number of big U.S. companies helped send stocks higher in early trading on Wall Street.

Procter & Gamble led a broad rise in consumer products makers early Friday. P&G reported solid earnings in beauty and home care products.

Elsewhere, payments processor PayPal soared 9.1 percent after turning in strong results of its own.

The S&P 500 index rose 12 points, or 0.4 percent, to 2,781.

The Dow Jones Industrial Average climbed 106 points, or 0.4 percent, to 25,485. The Nasdaq composite added 55 points, or 0.7 percent, to 7,542.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.19 percent.

This article provided by NewsEdge.