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US stocks rise on upbeat German data, HP earnings

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(Globalpost/GlobalPost)

US stocks moved higher Friday following a bullish report on German business sentiment and solid earnings results from computer company Hewlett-Packard.

Five minutes into trade, the Dow Jones Industrial Average rose 65.33 points (0.47 percent) to 13,945.95.

The broad-based S&P 500 increased 8.06 (0.54 percent) to 1,510.48, while the tech-rich Nasdaq Composite Index jumped 20.71 (0.66 percent) to 3,152.20.

Stocks rebounded from two straight days of losses after the German Ifo business climate index notched its strongest gain in two and a half years, hitting its highest level since April 2012.

The market was also buoyed by a Hewlett-Packard earnings report that bested analyst expectations.

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http://www.globalpost.com/dispatch/news/afp/130222/us-stocks-rise-upbeat-german-data-hp-earnings