US stocks higher … US home sales increase … Consumer prices rise

NEW YORK (AP) — Solid earnings for a range of companies helped nudge the stock market higher in morning trading today. At 10:35 a.m. Eastern Time, the Dow Jones industrial average rose 66 points, to 17,116. The S&P 500 index added nine points, to 1,983. And the Nasdaq composite advanced 32 points, to 4,457.

WASHINGTON (AP) — Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum. The National Association of Realtors says that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes. It marks the first time that sales have been above the 5 million-mark since October. Even with the three months of increases, sales are still 2.3 percent below the pace in June of last year.

WASHINGTON (AP) — U.S. consumer prices rose in June at a slightly slower pace than in May. The Labor Department says prices rose 0.3 percent in June following a 0.4 percent rise in May, which had been the biggest one-month gain in more than a year. Energy prices were up 1.6 percent, nearly double the May gain, reflecting a sharp 3.3 percent rise in gasoline costs. But food costs edged up just 0.1 percent, the smallest gain since January.

UNDATED (AP) — Comcast Corp.’s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated. Verizon is reporting that its second-quarter earnings nearly doubled after securing full ownership of Verizon Wireless.

CUTLER, Calif. (AP) — The supplier of fruit to Costco and Trader Joe’s has issued a voluntary nationwide recall on certain lots of some of its fruit for possible listeria contamination. Wawona Packing of Central California says the recall affects its fresh peaches, plums, nectarines and pluots. The recall comes after internal testing at the packing house in Tulare County, California. Officials say the facility has been sanitized.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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