Solid earnings drive stocks higher on Wall Street

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Associated Press

Posted on April 23, 2013 at 9:01 AM

Updated Tuesday, Apr 23 at 9:07 AM

NEW YORK (AP) — Strong earnings from a range of U.S. companies are driving stock prices higher in the early going on Wall Street.

Coach, Travelers and Lockheed Martin were among the winners shortly after the opening bell after the companies reported better results than analysts were expecting.

The Dow Jones industrial average was up 110 points at 14,678 early Tuesday, a gain of 0.8 percent.

Other indexes also rose. The Standard & Poor's 500 index was up 11 points, or 0.7 percent, to 1,573. The Nasdaq composite rose 25 points, or 0.8 percent, to 3,285.

Netflix soared 22 percent to $213 after reporting a big gain in subscribers in the first quarter.

Apple posts earnings after the market closes.

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