Market News

Strong earnings from Hasbro, others send stock prices higher



NEW YORK (AP) — Stocks bounced back as U.S. companies turn in healthy earnings reports.

Hasbro was among the biggest gainers Monday after the toy maker reported earnings that were better than analysts were expecting. The stock jumped 13 percent.

Oilfield services company Halliburton also rose after beating analysts' estimates.

The Dow Jones industrial average rose 208 points, or 1.2 percent, to 18,034. The Dow recovered most of the 279 points it lost Friday.

The Standard & Poor's 500 index gained 19 points, or 0.9 percent, to 2,100. The Nasdaq composite climbed 62 points, or 1.3 percent, to 4,994.

The price of oil increased 64 cents to close at $56.38 a barrel in New York.

Government bond prices edged lower. The yield on the benchmark 10-year Treasury note rose to 1.88 percent.


Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.