US stocks mostly climb on robust earnings

NEW YORK (AFP) - US stocks scored mostly solid gains Tuesday after a batch of better-than-expected company earnings, but Yahoo! and cloud computing group VMware weighed on the Nasdaq.

In closing trade, the Dow Jones Industrial Average was up 73.03 points (0.53 per cent) at 13,954.96.

The S&P 500, a broad measure of the markets, advanced 7.72 points (0.51 per cent) to 1,507.90.

The tech-rich Nasdaq Composite Index edged down a mere 0.64 point (0.02 per cent) to 3,153.66.

Investors shrugged off a weaker-than-expected reading in consumer confidence for focus on positive corporate profit tallies, Charles Schwab & Co said in a market note.

The Nasdaq was "hamstrung by Yahoo Inc's softer-than-expected guidance and VMware Inc's disappointing revenue outlook," it said.

Register here to get free digital access to The Straits Times until Aug 9, 2015.
Comments