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8A Daily News– Wednesday, July 18, 2012 NEW YORK (AP) — Stronger earnings from Mattel, Coca-Cola and other big companies lift- ed the Standard & Poor's 500 index on Tuesday for only the fourth day this month. Stocks rise; Mattel, Coke among earnings winners Wall Street part to booming business overseas. Coke rose $1.21, or 1.6 percent, to $77.69. Mattel jumped 9 per- cent, more than any other company in the S&P. The country's biggest toy maker said net income rose because of better sales of Barbie dolls and lower advertising costs. Its stock climbed $3.01 to $34.05. Coca-Cola posted higher income and rev- enue than Wall Street had expected, thanks in The S&P rose 10.03 points to 1,363.67. The Dow Jones industrial average gained 78.33 points to 12,805.54, only its third increase of the month. Concern about corporate earnings and slower economic growth have weighed on the market. wavered between gains and losses in morning trading as investors kept The stock market Local Owned & Operated • Local Service an eye on Federal Reserve Chairman Ben Bernanke's first of two days of testimony before Congress. Bernanke said weaker economic growth proba- bly means unemploy- ment will remain stub- bornly high. But he offered no signs that the Fed was ready to take action to bolster growth soon. ''The big question here isn't whether the Fed will act,'' said Randy Frederick, managing director of active trading and derivatives at Charles Schwab. ''We know they will. The question is how bad do things have to deteriorate before they act.'' As the earnings sea- son got under way last week, analysts had expected quarterly prof- its for companies in the Standard & Poor's 500 index to fall 1 percent compared with the year before, according to S&P Capital IQ, the research arm of S&P. That would break a streak of higher earnings that started in the last quarter of 2009. Jack Ablin, the chief sure that earnings are going to be dismal, it can set the market up for a rally. Ablin joked that it was similar to how, as a child, he tried to convince his parents his grades were going to be awful. ''That way, anything I brought home was a relief,'' he said. investment officer of Harris Private Bank, said that when investors are Respecting People. Impacting Business Call us. And get back to work. Call us any time for: • An extensive network of recruiting sources Delivering quality hearing healthcare communication solutions for 30 years! • HR expertise and support services • Temporary Workers • Evaluation hire • Testing and training • Experienced recruiters • Full-time employees • Carefully screened candidates • Dedicated service Goldman Sachs also reported earnings and revenue that beat Wall Street's forecasts. 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Main Street We're not just for contractors 1040 B Monroe St., Red Bluff (530) 527-7962 LIC#659256 The gains were broad. All 10 industries in the S&P 500 rose, led by health care companies. The Nasdaq composite index gained 13.10 points to 2,910.04. Among other stocks making big moves: — Mosaic jumped 5 percent. The fertilizer maker's net income beat Wall Street's forecasts, with the help of stronger phosphate sales and higher prices for potash. Mosaic also doubled its quarterly dividend to 25 cents per share. The stock gained $2.84 to $58.21. allowed Mexican drug cartels to launder billions through its U.S. banks helped push the bank's stock down. A Senate investigation also said some HSBC bank affili- ates ignored U.S. gov- ernment bans against financial transactions with Iran and other coun- tries. HSBC fell 20 cents to $43.28. — Walt Disney led the — Reports that HSBC Dow, gaining $1.49, or 3.1 percent, to $49.35 after getting an upgrade by analysts at Bank of America. 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