Boeing leads Tuesday stocks higher

Midday Dow up 63 points to 11,850.

NEW YORK (AP) — Stocks swung between small gains and losses in midday trading Tuesday. Apple Inc. weighed on the Nasdaq composite index after the company announced that its CEO, Steve Jobs, was taking another medical leave.
Boeing Co. led the Dow Jones industrial average higher. The aircraft maker rose 3.3 percent after reporting that it expects to deliver its long-awaited 787 jet in the third quarter.
Other indexes were mixed after Citigroup Inc. and Delta Air Lines Inc. reported weak earnings.
Apple fell 3 percent to $338. The company will also report earnings after the stock market closes, along with IBM Corp.
The Dow has already gained 2.3 percent this year as optimism builds about the economy. The index rose 11 percent last year, or 14 percent including dividends.
Citigroup fell 6.5 percent after reporting earnings that fell short of forecasts. Delta lost 6.1 percent after winter storms caused its earnings to come in lower than investors had expected.
The Dow Jones industrial average rose 59, or 0.5 percent, to 11,846. Boeing was the biggest gainer of the 30 stocks that make up the average, followed by Caterpillar Inc. and Alcoa Inc.
The Standard & Poor’s 500 index fell 0.4 to 1,292. The Nasdaq composite index lost 0.5, or 0.1 percent, to 2,754.
European markets rose after Greece raised $865 million in another successful bond auction. That allayed concerns about Europe’s financial system, which have been a drag on U.S. markets.
Bond prices fell, pushing their yields higher. The yield on the 10-year Treasury note rose to 3.38 percent from 3.32 percent late Friday. U.S. markets were closed Monday for the Martin Luther King Jr. holiday.

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