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US stocks edge higher on solid earnings

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(Globalpost/GlobalPost)

US stocks Monday opened trade after a holiday-lengthened weekend with modest gains as a busy week of earnings kicked off with solid reports from Halliburton and Kimberly-Clark..

Five minutes into trade, the Dow Jones Industrial Average advanced 19.07 points (0.12 percent) to 16,427.61.

The broad-based S&P 50 added 1.42 (0.08 percent) at 1,866.27, while the tech-rich Nasdaq Composite Index rose 8.12 (0.20 percent) to 4,103.63.

With a relatively light slate of economic data, investors are focused on corporate earnings results. Major companies to report this week include Apple, Boeing, Caterpillar and General Motors.

Both oil-services company Halliburton and consumer-goods company Kimberly-Clark bested expectations in the first quarter reports.

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http://www.globalpost.com/dispatch/news/afp/140421/us-stocks-edge-higher-solid-earnings