Skip to main content

The Journal Gazette

Wednesday, February 13, 2013 9:45 am

Stocks rise on Comcast deal, strong U.S. earnings

The Associated Press

Stocks are edging higher in the early going after strong U.S. earnings and General Electric's sale of its remaining NBCUniversal stake.

The Dow Jones industrial average rose 1 point to 14,020 shortly after the opening bell Wednesday. The index rose to its highest close since 2007 on Tuesday following strong quarterly results from builders and retailers.

The Standard & Poor's 500 index rose 3 points to 1,523. The Nasdaq composite climbed 10 points 3,197.

Deere & Co. and Duke Energy are reporting strong earnings. GE is selling its 49 percent stake in NBCUniversal to Comcast Corp. the nation's largest cable TV operator, for $16.7 billion.

The government reported retail sales ticked up 0.1 percent last month. The small increase suggests spending may be weak in the January-March quarter.