Tuesday, 17 April 2012 17:30

US Stocks Climb Above 13,000

Written by  Carmen Cox
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Authors: Carmen Cox

US Stocks Climb Above 13,000Hemera/Thinkstock(NEW YORK) -- Some strong earnings reports and a debt auction in Spain helped push the markets up Tuesday.
 
The Dow had its best session in a month, closing above the 13,000 mark and gaining 193 points for the session. The Nasdaq added 54 points and the S&P gained 21.
 
Coca-Cola's first-quarter profits were better than Wall Street analysts' forecasts.  The beverage company gained more than 2 percent, reaching a 14-year high, the The Wall Street Journal reports. Goldman Sachs and Johnson & Johnson also posted strong results.
 
Another factor boosting stocks: the Spanish government sold more than $4 billion in short-term debt -- more than had been expected.
 
Copyright 2012 ABC News Radio

Read more http://abcnewsradioonline.com/business-news/us-stocks-climb-above-13000.html





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