US STOCKS-Wall St edges up on earns, ahead of stress tests

* Verizon leads Dow after results

* European bank stress test results on tap

* Indexes: Dow up 0.2 pct, S&P up 0.1, Nasdaq off 0.03 pct

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

By Chuck Mikolajczak

NEW YORK, July 23 (BestGrowthStock) – The S&P 500 and Dow
Industrials edged higher on Friday as another round of solid
corporate earnings offset uncertainty ahead of European bank
stress test results.

All three major indexes are up for the week.

Hoping to ease fears over any impact from the euro zone
debt crisis on Europe’s banking system, regulators assessed how
banks would cope with another downturn. The stress test results
were due at noon EDT. [1600 GMT] For details, see
[ID:nLDE66M1FF]

“Definite nervousness about these stress tests. Again, it’s
only an extreme result that is going to produce a major move on
the market if it’s either much better or much worse than
expected,” said Uri Landesman, president of Platinum Partners
in New York.

While many analysts feel the stress tests are factored into
the market, investors are worried about any new regulatory
requirements on banks.

The Dow Jones industrial average (.DJI: ) gained 24.37
points, or 0.24 percent, to 10,346.67. The Standard & Poor’s
500 Index (.SPX: ) added 1.22 points, or 0.11 percent, to
1,094.89. The Nasdaq Composite Index (.IXIC: ) dropped 0.76
points, or 0.03 percent, to 2,245.13.

Verizon Communications Inc (VZ.N: ) was the top lift to the
Dow, up 4 percent to $28.07, after it posted wireless customer
growth and landline profit margins came in better than
expected. [ID:nN2395698]

Amazon.com Inc’s (AMZN.O: ) profit fell far short of
estimates, hurt by a 40 percent jump in expenses and price cuts
on its Kindle electronic reader. The shares slid 6 percent to
$112.86.

Ford Motor Co (F.N: ) jumped 5.1 percent to $12.70 after the
automaker posted stronger-than-expected earnings and said it
was on track to be profitable in 2010. [ID:nN23252485]

Stock Analysis

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

US STOCKS-Wall St edges up on earns, ahead of stress tests