US STOCKS-Wall St climbs on earnings, confidence data

martes 28 de octubre de 2014 13:32 GYT

* Amgen gains, Twitter falls following results

* Oct consumer confidence reading highest since 2007

* Indexes up: Dow 0.4 pct, S&P 0.6 pct, Nasdaq 1.1 pct (Updates to early afternoon trading, changes byline)

By Caroline Valetkevitch

NEW YORK, Oct 28 (Reuters) - U.S. stocks climbed in afternoon trading on Tuesday, following stronger-than-expected earnings and an upbeat consumer confidence reading.

Amgen's stock was up 5 percent, among the top boosts for the S&P 500 and Nasdaq, following its results and guidance, while energy shares reboundedbounced back sharply from big declines Monday. The S&P 500 energy index was up 1.2 percent, leading S&P sector gains.

Helping the day's upbeat tone, U.S. consumer confidence rose in October to its highest since October 2007. The data overshadowed a separate report showing new orders for capital goods by U.S. businesses fell the most in eight months in September.

The majority of U.S. companies reporting third-quarter results have beaten analysts' expectations so far, easing some worries about the impact of weak global demand on corporate profits.

"Corporate earnings continue to surprise and that has been the wind in the sails of this rebound," said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco.   Continuación...