U.S. markets swung higher Tuesday morning as a mixed bag of corporate reports emerged on Wall Street.
American Express shares rose in spite of reporting a 79 percent decline in fourth quarter profits, The Wall Street Journal reported. Bristol-Myers Squibb reported strong sales and gained 3 percent. Verizon shares climbed 42 percent on a positive report.
In midmorning trading, the Dow Jones industrial average gained 65.47 points or 0.81 percent to 8,181.50. The Standard & Poor's 500 rose 8.65 or 1.03 percent to 845.22. The Nasdaq composite index gained 14.75 or 0.99 percent to 1,504.21.
The benchmark 10-year U.S. Treasury bond rose 2/32 to yield 2.63 percent.
The euro rose to $1.3221, compared to Monday's $1.3176. Against the
Japanese yen, the dollar rose to 89.14 yen, up from 89.02 yen.
In Tokyo, the Nikkei average gained 378.93 points to 8,061.07, up 4.93 percent.
