US STOCKS-Earnings lift Wall St despite mixed data

martes 28 de octubre de 2014 12:00 GYT

* Twitter falls; Madison Square Garden up on possible split

* Capital goods orders post largest fall in eight months

* Indexes up: Dow 0.3 pct, S&P 0.6 pct, Nasdaq 1.2 pct (Updates prices)

By Rodrigo Campos

NEW YORK, Oct 28 (Reuters) - U.S. stocks rose on Tuesday as strong earnings and an upbeat consumer confidence reading more than offset weaker-than-expected housing and industrial data.

Ranking among the largest percentage gainers on the S&P 500 were Amgen, AutoNation and Cummins, which reported earnings between late Monday and Tuesday morning. Their gains overshadowed declines in Kohl's, Coach and Freeport McMoRan.

U.S. consumer confidence rose in October to its highest since October 2007 as views on the job market improved, but separate data showed new orders for capital goods by U.S. businesses fell the most in eight months in September. U.S. single-family home prices rose in August on a year-over-year basis but fell short of expectations.

"We had a mixed bag of data, but earnings are very good," said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco.

"Corporate earnings continue to surprise and that has been the wind in the sails of this rebound."   Continuación...