US stocks move higher as investors weigh company earnings

US stocks move higher as investors weigh company earnings

5 years ago
Anonymous $Dftgs0JzgE

https://apnews.com/502dd3a7e03247b19cbfb27dcbe38e83

Stocks rose on Wall Street in early trading Thursday as gains in banks and technology companies outweighed losses elsewhere in the market.

Bond yields rose above their recent lows, giving bank stocks a boost. Higher bond yields are good for banks because they can earn more income from the bonds they hold and they can charge higher interest rates on loans. SunTrust Banks rose 1.1 percent.