US stocks mixed as companies post strong results

US stocks open mixed as corporate earnings strengthen; European debt worries persist

Associated Press
Strong earnings from AT&T, 3M lift Dow average
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In an April 16, 2012 photo trader Damian Bagarozza left, and specialist Joseph Mastrolia work on the floor of the New York Stock Exchange. Wall Street was headed for a higher open Tuesday April 24, 2012, with Dow Jones industrial futures gaining 0.2 percent and S&P 500 futures up 0.3. (AP Photo/Richard Drew)

U.S. stocks are opened mixed as solid corporate earnings reports fail to offset worries about the debt crisis in Europe.

Big U.S. companies including 3M, Hershey and AT&T posted better-than-expected profits before the market opened Tuesday. U.S. Steel posted a wider loss than analysts had forecast, but its revenue beat Wall Street's estimates.

Apple, the biggest company by market value, reports after the market closes.

In Europe, stocks rose modestly after some of their worst losses in months. Weak bond auctions in Spain and Italy augured more pain ahead for those debt-strapped nations.

The Dow Jones industrial average rose 42 points to 12,969 in the first 10 minutes of trading. The Standard & Poor's 500 index rose 1 to 1,368. The Nasdaq composite index fell 5 to 2,965.

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