Stocks rise on Wall Street as investors review earnings

KIFI

Published January 19, 2022 10:15 PM

By DAMIAN J. TROISE

Stocks rose broadly in morning trading on Wall Street Thursday as investors reviewed the latest corporate earnings and gauged the economic impact of rising inflation. The S&P 500 rose 0.8%, the Dow Jones Industrial Average rose 0.7% and the Nasdaq rose 1.3%. Investors shrugged off news that the number of Americans applying for unemployment benefits rose to the highest level in three months last week as the fast-spreading omicron variant disrupted the job market. American Airlines and United Airlines fell after warning about the virus’ impact to their results early in 2022. Bond yields edged higher.

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