US STOCKS-Wall St climbs, lifted by Merck, Sprint on rosy earnings

martes 29 de abril de 2014 11:45 GYT
 

* Merck quarterly profit tops estimate but revenue misses

* Twitter to report earnings after market close

* EU sanctions 15 politicians, military leaders over Ukraine

* Indexes up: Dow 0.5 pct, S&P 0.4 pct, Nasdaq 0.5 pct (Updates to late morning session)

By Angela Moon

NEW YORK, April 29 (Reuters) - U.S. stocks edged higher on Tuesday following better-than-expected earnings from Merck & Co and Sprint Corp.

The Dow Jones industrial average outperformed the broader market as component Merck & Co 's shares jumped nearly 3 percent to $58.31 after its earnings report. Britain's Reckitt Benckiser Group Plc confirmed talks to buy Merck's consumer health business, the latest asset up for grabs in a wave of recent pharmaceutical deals.

On the S&P, energy and financial stocks were among the top gainers, with the energy sector up 1.2 percent and the financial sector up 0.6 percent.

Sprint Corp shares jumped more than 10 percent to $8.18 after the No. 3 U.S. mobile provider reported an increase in quarterly revenue, as expected, due to a new billing plan that lowered wireless expenses.   Continuación...