![Stocks Advance Despite Lackluster Report On Positive Corporate Earnings – Acadiana Business Index](http://townsquare.media/site/36/files/2012/04/Wall-Street-Sign-Michael-Nagle-Getty111.jpg?w=980&q=75)
Stocks Advance Despite Lackluster Report On Positive Corporate Earnings – Acadiana Business Index
The major averages held their gains into the closing bell. Ken Meyers has your stock market report on the Acadiana Business Index.
- The Dow Jones added 103 points to 12,909, the S&P 500 gained 9 points to 1373, and the NASDAQ advanced 33 points to close at 2943.
- Stocks edged higher throughout the session as investors overlooked a lackluster report of the Fed’s Beige Book and focused on positive corporate earnings.
- Eight of the 10 sectors on the S&P finished in the green, led by a rally in tech stocks. Shares of Intel gained 83 cents to $26.21 after the company reported a better-than-expected profit tally. Also in the space, IBM was up $4.60 to $188.25 and Google advanced $4.03 to $580.76. Financials were the worst performers. Bank of America gave up 39 cents to $7.53 after revenues fell short in their quarterly report. Capital One Financial also weighed on the sector. Shares fell 94 cents to $54.89 after the firm agreed to settle a credit card probe for $210 million.
- In other news, Vivus advanced $2.54 to $29.00 following the FDA’s regulatory approval for their new weight-loss drug.
- Composite volume on the NYSE was 3.6 billion shares with advancing issues besting decliners by a margin of 5-3. The NASDAQ was 3-2 positive on issues.
- Turning to fixed income, Treasuries are higher along the curve. The benchmark 10-year note was up 5/32 to yield 1.49% and the 30-year bond added 1/4 of a point to yield 2.60%.
More From News Talk 96.5 KPEL
![Louisiana Essentials You Can Find Cheap for Amazon Prime Day](http://townsquare.media/site/36/files/2024/07/attachment-Amazon-Prime-Day.jpg?w=980&q=75)
![Breaux Bridge Man Drowns After Car Plunges into Pond](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-16-copy.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)
![Louisiana Man Indicted On 7 Counts in Murder, Kidnapping Case](http://townsquare.media/site/36/files/2024/07/attachment-Screenshot-2024-07-12-at-4.10.22-PM.jpg?w=980&q=75)
![Acadiana Single Mom Gifted Car By Lafayette Non Profit](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-161.jpg?w=980&q=75)
![Two Arrested for Church Point, Louisiana ATM Theft](http://townsquare.media/site/34/files/2022/04/attachment-jake-allen-7Q1lhdgbyNU-unsplash.jpg?w=980&q=75)
![CEO of Louisiana Animal Charity Arrested for Child Pornography and Animal Sexual Abuse](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-16.jpg?w=980&q=75)
![Louisiana Man Robbed at Gunpoint in His Own Home](http://townsquare.media/site/36/files/2024/01/attachment-Untitled-design-43.jpg?w=980&q=75)
![4th of July Firework Laws for Louisiana and Acadiana](http://townsquare.media/site/33/files/2013/12/Fireworks-Getty.jpg?w=980&q=75)