Stocks End Higher After Unsteady Trading
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iStock/Thinkstock(NEW YORK) — Stocks took a roller-coaster ride Tuesday. Despite big gains after the opening bell, the markets were in a free fall by mid-session. Stocks advanced again by the close.
The Dow Jones Industrial Average closed up 89 points at 16,262.56. The Nasdaq Composite rose 11 points to end at 4,034.16. The S&P 500 added 12 to end at 1,842.98.
More U.S. companies are turning in their latest financial results. Strong sales of non-carbonated drinks pushed Coca-Cola’s latest numbers up, and Johnson & Johnson rose 2 percent on higher profits. Homebuilders, however, fell following a survey showing weak sentiment among builders. Earnings from Apple, Yahoo and Netflix were short of expectations.
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