US STOCKS-Market rises on confidence data, earnings beats

* Consumer confidence rises more than expected

* Travelers boosts Dow index, but Verizon and J&J weigh

* Apple results lift Nasdaq

* Indexes up: Dow 0.6 pct, S&P 0.4 pct, Nasdaq 0.6 pct

* For up-to-the-minute market news, click [STXNEWS/US]

(Updates to early afternoon)

By Caroline Valetkevitch

NEW YORK, Jan 26 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) gained on Tuesday
as consumer confidence data bolstered views the economy’s
recovery is on track and results from Travelers Cos and Apple
Inc (AAPL.O: ) strengthened the quarterly earnings picture.

Shares of Travelers (TRV.N: ) led gains on the Dow after the
property-casualty insurer posted a profit that beat Wall
Street’s estimate. The stock advanced 4 percent to $50.84. For
details see [ID:nN26225550]

Data shortly after the open showed consumer confidence rose
for a third straight month in January to its highest level
since September 2008, relieving some worries about individual
spending. [ID:nN26357538] Sectors that benefit from an improved
economic outlook were among top performers, including the S&P
tech sector (.GSPT: ), up 1.1 percent.

“We had consumer confidence move the market up, and it’s
been on the run since then. We also had some earnings… That’s
been more positive than negative,” said Stephen Carl, principal
and head of U.S. Equity Trading at The Williams Capital Group
LP in New York.

“The market is trying to hang in there after being knocked
down” last week, he said. Stocks had their worst three-day
slide in 10 months at the end of last week.

The Dow Jones industrial average (.DJI: ) was up 65.75
points, or 0.64 percent, at 10,262.61. The Standard & Poor’s
500 Index (.SPX: ) was up 4.62 points, or 0.42 percent, at
1,101.40. The Nasdaq Composite Index (.IXIC: ) was up 12.47
points, or 0.56 percent, at 2,223.27.

Stocks opened lower on concerns about a Chinese government
clampdown on bank lending. Banking sources said China’s central
bank told some banks to increase their reserve ratios by 0.5
percentage point to curb excessive lending. [ID:nSGE60P039]

iPhone maker Apple gained 4.1 percent to $211.46, a day
after reporting profits and sales above Wall Street estimates.

Apple provided the biggest lift to the Nasdaq, followed by
Microsoft Corp (MSFT.O: ), which is scheduled to report later
this week.

DuPont (DD.N: ) , which also reported results, was up 0.4
percent at $32.96, but Johnson & Johnson (JNJ.N: ) , which gave a
conservative forecast, dipped 0.8 percent to $62.70.

Stock Today

(Editing by Kenneth Barry)

US STOCKS-Market rises on confidence data, earnings beats