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Stocks Gain

Indices added gains on Tuesday. Bank of America, Caterpillar and Alcoa stood out among advancers. Brands climbed following news that France and Germany have agreed to increase the European bailout fund to $2.76 trillion. Meanwhile, prices for finished goods jumped up in September. The producer price index rose 0.8%, exceeding an estimated 0.2% uptick. Core prices, which discount food and energy, edged up 0.2%. Economists expected the core index to rise by 0.1%. On another note, crude oil added $1.91 to settle at $88.53 a barrel. Apple, Intel, and Yahoo reported quarterly data after the closing bell. Results from Intel and Yahoo exceeded expectations while Apple figures fell slightly short. The iPad innovator posted a profit of $7.05 a share compared with an anticipated $7.39 a share. Looking ahead, Morgan Stanley is set release earnings details tomorrow morning.
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