US Stock Market Summary – January 18, 2011

Published by: Kelly Curtis on 18th Jan 2011 | View all blogs by Kelly Curtis
US Stock Market Summary – January 18, 2011

US stocks edged higher on Tuesday, despite relatively weak reports from several  companies including Apple and Citigroup.  The gains came in spite of disappointing earnings reported by the nation's third-largest bank, Citigroup, and Apple shares dropping in response to CEO Steve Jobs' announced leave of absence.

The Dow Jones industrial average gained 51 points on the day, or 0.4 percent, while the Standard & Poor's 500 gained 2 points, or 0.1 percent.  The tech-heavy Nasdaq composite index, meanwhile, added 10 points on the day, or 0.4 percent.

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