NEW YORK (AP) — Stocks are rising in early trading as several big companies report higher earnings and traders hope for a last-minute deal to avoid a U.S. government default.
Rates on short-term U.S. government debt rose, however, as investors braced for the possibility that the government's borrowing limit wouldn't be raised in time for the U.S. to continue paying all its bills on time.
The Dow Jones industrial average was up 79 points, or 0.5 percent, at 15,247 points after the first few minutes of trading Wednesday.
The Standard & Poor's 500 index was up 10 points, or 0.6 percent, at 1,708. The Nasdaq composite rose 23 points, or 0.6 percent, to 3,817.
Mattel, PepsiCo and Bank of America all rose after reporting earnings that were better than Wall Street analysts expected.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Reverend Roy Harriger returned to court Wednesday night. The pastor is facing charges of molesting children.
Some of the members of his assembly refuse to believe the allegations against him. About eight members of the Community Fellowship …
In an effort to combat childhood obesity, a local school district is now banning a popular sweet treat.
Twenty-two-year-old Yaron Bernstein was last seen leaving a friend's apartment in Philadelphia three weeks ago. Bernstein has ties in Buffalo as well as Pittsburgh, Miami and New Jersey.
A sex offender has been arrested after he allegedly showed indecent material to a child under the age of 16.
Common Core, a new wave of educational standards now being implemented across the country, is causing controversy across the nation, and took center stage in Jamestown Wednesday evening.
Fewer families in the Northtowns will go hungry thanks to some local firefighters and the people they serve.