Markets Right Now: Stocks claw higher after solid earnings
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks are closing solidly higher on Wall Street as the market claws back a small part of the ground it has lost this month.
Several companies gained ground Tuesday after reporting results that pleased investors.
Oreo maker Mondelez International climbed 5 percent Tuesday, and athletic clothing maker Under Armour soared 27.8 percent. American Tower jumped 5.3 percent.
General Electric plunged 8.8 percent after slashing its dividend and disclosing a criminal probe into its accounting.
The S&P 500 index rose 41 points, or 1.6 percent to 2,682. It's still down 8 percent this month.
The Dow Jones Industrial Average climbed 431 points, or 1.