Stocks edge higher as more earnings roll in

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Associated Press

Posted on April 22, 2014 at 7:01 AM

Updated Tuesday, Apr 22 at 7:07 AM

NEW YORK (AP) — Stocks are moving higher in early trading as investors assess more corporate earnings.

Netflix rose 7 percent after the online video streaming service said its first-quarter earnings soared.

Botox maker Allergan surged 15 percent after Valeant Pharmaceuticals said that it had teamed up with activist investor Bill Ackman to make a bid for the company.

The Standard & Poor's 500 index rose two points, or 0.2 percent, to 1,874 in the first few minutes of trading Tuesday.

The Dow Jones industrial average rose 30 points, or 0.2 percent, to 16,480. The Nasdaq composite rose 19 points, or 0.5 percent, to 4,141.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.74 percent.

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