Summary US financial markets move higher in midday training, healthcare stocks biggest gainers
NEW YORK: (AP) - U.S. financial markets are moving higher in midday trading, with health care stocks among the biggest gainers. Some encouraging news from Japan and Germany also helped lift markets.
The Standard & Poor s 500 index added eight points, or 0.4 percent, to 2,049 as of 11:55 a.m. Eastern time. The Dow Jones industrial average rose 40 points, or 0.2 percent, to 17,688. The Nasdaq composite gained 25 points, or 0.5 percent, to 4,696.
Nokia rose 4 percent after the Finnish technology company said it would introduce a tablet computer that runs the Android operating system. Urban Outfitters sank 9 percent after its latest quarterly earnings missed analysts forecasts. The price of oil fell $1.21 to $74.44 a barrel in New York. That helped send energy stocks lower.
