Stocks Closed Higher in Choppy Trading

U.S. stocks closed higher on Tuesday following a choppy session. The Dow Jones Industrial Average gained 89.32, or 0.55%, to close at 16,262.56. The S&P 500 rose 12.37, or 0.68%, to end at 1842.98. The Nasdaq Composite tacked on 11.47, or 0.29%, to finish at 4,034.16.

Shares of Yahoo jumped more than 11% in after hours trading after the company posted a slight bump in revenue. For the first quarter, Yahoo’s net revenue excluding traffic acquisitions costs (TAC) reached $1.09 billion, up 1% compared to the same quarter last year. Earnings per share finished flat compared to last year, at 38 cents.

Intel Corp. reported a 4.8% decline in first-quarter profit as the Silicon Valley chip maker continues to share the pain of the shrinking personal computer market. Revenue edged up 1.5%, and the company’s closely watched gross profit margin was 59.7% in the quarter, down from 62% in the fourth period but ahead of Intel’s 59% projection.

Motorola Solutions Inc. (MSI) has made an agreement to sell its enterprise business to Zebra Technologies Corp. (ZBRA). Zebra will pay $3.45 billion in cash for the unit, the companies said in a statement. The deal is expected to close by the end of 2014.

Google is making its Google Glass available to the public today only, priced at $1,500. The glasses are offered in five different colors and four different frame designs, and there are optional polarized, impact-resistant shades.

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