US stocks recover modestly from big drop

|
Photo - Trader Kevin Lodewick works on the floor of the New York Stock Exchange Tuesday, Feb. 4, 2014. Stocks are mixed on Wall Street after suffering big losses the day before. (AP Photo/Richard Drew)
Trader Kevin Lodewick works on the floor of the New York Stock Exchange Tuesday, Feb. 4, 2014. Stocks are mixed on Wall Street after suffering big losses the day before. (AP Photo/Richard Drew)
News,Business

The U.S. stock market is ending higher a day after suffering its biggest loss in more than seven months.

The Dow Jones industrial average rose 72.44 points, or 0.5 percent, to close at 15,445.24 Tuesday. The Standard & Poor's 500 index climbed 13.31 points, or 0.8 percent, to 1,755.20. The Nasdaq composite gained 34.56 points, or 0.9 percent, to 4,031.52.

The market is creeping back from a 326-point drop in the Dow on Monday prompted by disappointing news about U.S. manufacturing.

Michael Kors jumped $13.24, or 17.3 percent, to $89.91 after the fashion retailer reported stronger earnings.

Yum! Brands jumped $5.90, or 9 percent, to $72.06 after the owner of KFC reported better-than-expected earnings late Monday. It also indicated it remains confident about its earnings growth forecast for the year.

View article comments Leave a comment