US stocks : Dow up 0.5 pct

Jan 24 2013, 02:20 IST
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SummaryDow Jones industrial average rose 71.61 points or 0.52 percent, to 13,783.82.

big move in Apple shares after its earnings amid a dramatic plunge in recent weeks of shares of the world's most valuable publicly traded company. Apple shares rose on Tuesday 1.1 percent to $510.54.

Overall, S&P 500 fourth-quarter earnings rose 2.8 percent, according to Thomson Reuters data. That estimate is above the 1.9 percent forecast at the start of earnings season.

Clearing a market hurdle, the U.S. House of Representatives passed a Republican-led plan to extend the country's borrowing authority until May 19. This delays a confrontation in Congress similar to one in 2011, which generated a stalemate that triggered the first ever U.S. debt rating downgrade.

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