Stocks open higher on Wall Street; Mattel jumps
UNDATED (AP) -- Stocks are opening higher on Wall Street after several big-name U.S. companies posted strong results for the third quarter.
The Dow Jones industrial average was up 70 points at 13,491 shortly after the opening bell Tuesday.
The Standard & Poor's 500 index rose six points to 1,446 and the Nasdaq composite rose nine points to 3,072.
Toy maker Mattel jumped 4 percent after reporting that brisk sales of American Girl dolls and Fisher-Price toys sent the company's profit well above analysts' forecasts. The stock was up $1.20 to $36.62.
Johnson & Johnson rose 93 cents to $59.63 after its revenues came in ahead of Wall Street's forecasts.
IBM, CSX and Intel report after the bell.
The yield on the benchmark 10-year Treasury note rose to 1.70 percent from 1.67 percent.
(Copyright 2012 by The Associated Press. All Rights Reserved.)