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US stocks jump following strong corporate earnings

NEW YORK (AP) — U. S. stocks rose sharply in afternoon trading Thursday, driven by encouraging earnings from companies including Caterpillar and 3M. Investors were also encouraged by some positive manufacturing news out of Europe. KEEPING SCORE: The Dow Jones industrial average gained 297 points, or 1. 8 percent, to 16,758 as of 2:41 p. m. Eastern time. The Standard & Poor's 500 index gained 32 points, or 1. 7 percent, to 1,959. The Nasdaq composite rose 85 points, or 2 percent, to 4,468...

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