Solid earnings drive US stocks further into record heights
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By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
Stocks held on to modest gains on Wall Street Tuesday, pushing the S&P 500 and the Dow Jones Industrial Average further into record heights. The S&P 500 added 0.2% and the Dow edged up less than 0.1%. The Nasdaq also rose less than 0.1%. Solid earnings from several companies helped push stock prices higher. UPS jumped 6.9% after the package delivery service reported results that easily beat analysts’ forecasts. Facebook fell 3.9% following a weak sales forecast and increasing scrutiny over its corporate practices. The yield on the 10-year Treasury note fell to 1.61%.