Tuesday, February 12, 2013 11:55 am
Stocks edge higher; Avon, Michael Kors surge
The Associated Press
The Dow Jones industrial average rose 31 points to 14,003 as of noon Tuesday.
The Standard & Poor's 500 index was up one point at 1,518. The Nasdaq was down six at 3,185.
Avon, a direct seller of beauty products, jumped 17 percent after the company posted a fourth-quarter loss that wasn't as bad as analysts had expected.
Michael Kors, a luxury clothing and accessories seller, rose 11 percent after reporting earnings that beat analysts' predictions.
Coca-Cola fell 3 percent reporting revenue that fell short of analysts' forecasts. Goodyear sank 2 percent after cutting its forecast for full-year earnings, blaming weakness in Europe.