US stocks move higher as tensions ease in Ukraine; Investors focus on corporate news

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NEW YORK, N.Y. – U.S. stocks are moving higher as investors turn their focus to corporate news and as tensions ease in Ukraine.

Priceline rose 3 per cent after the online discounter reported better earnings than analysts were expecting. Chiquita Brands soared 31 per cent on a buyout offer.

Kinder Morgan rose 10 per cent after announcing it would consolidate a group of oil and gas pipeline and storage companies it controls.

The Standard & Poor’s 500 index rose 12 points, or 0.6 per cent, to 1,943 in midday trading Monday.

The Dow Jones industrial average rose 62 points, or 0.4 per cent, to 16,615. The Nasdaq composite rose 41 points, or 1 per cent, to 4,412.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.43 per cent.

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