Earnings Drive Gains in Stocks Tuesday 07/22 15:20

   U.S. stocks are closing higher Tuesday as more companies turn in solid 
earnings.


   NEW YORK (AP) --- U.S. stocks are closing higher as more companies turn in 
solid earnings.

   Lockheed Martin rose 3 percent after the defense contractor's profit and 
revenue beat analysts' forecasts.

   Comcast rose 2 percent after reporting higher profit than the market was 
expecting. The giant cable TV company signed up more subscribers for Internet 
service.

   The Standard & Poor's 500 index rose nine points, or 0.5 percent, to close 
at 1,983 Tuesday. That's two points below the record close the index reached on 
July 3.

   The Dow Jones industrial average gained 61 points, or 0.4 percent, to 
17,113. The Nasdaq composite rose 31 points, or 0.7 percent, to 4,456.

   Bond prices were flat. The yield on the 10-year Treasury note held steady at 
2.47 percent.


(KA)