Dow Sees 15,000 Close, Disney Beats on Revenue

U.S. stocks rose on Tuesday, with the Dow industrials closing above 15,000 for the first time. After rising to an  all-time intraday high of 15,056.67, the Dow Jones Industrial Average added 87.31 points, or 0.58%, to 15,056.20.
The S&P 500 index advanced 8.46 points, or 0.52%, to 1,625.96. The Nasdaq Composite gained 3.66 points, or 0.11%, to 3,396.63.

Media giant Walt Disney Co reported higher profit for the fiscal second quarter. Net income rose 32 percent from a year earlier to $1.5 billion (968.6 million pounds) for January through March, Disney said on Tuesday. Diluted
earnings per share rose to 83 cents.

J.C. Penney Co Inc on Tuesday said that same-store sales in the first quarter of the fiscal year fell 16.6 percent. The company, in providing preliminary, partial results for the quarter, also said it had $821 million in cash on  hand as of May 4. The department store chain will report full results on May 16.

Mondelez International Inc (NasdaqGS: MDL) reported quarterly earnings on Tuesday that were lower than a year  earlier. Net income was $568 million, or 32 cents per share, in the first quarter, down from $813 million, or 46
cents per share, a year earlier.

Electronic Arts reported fourth-quarter earnings Tuesday that fell short of analyst expectations while revenue edged  forecasts. Earnings excluding items rose to 55 cents per share from 17 cents a share in the year-earlier period.
Revenue improved 6 percent to $1.04 billion from $977 million a year ago. Net income fell to $323 million from $400  million.






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