Stocks rise as earnings gains offset weak economic data; Time Warner Cable up on deal news

The Associated Press

FILE - In this Wednesday, Feb. 12, 2014, file photo, traders monitor stock prices at the New York Stock Exchange. (AP Photo/Mark Lennihan, File)

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In government bond trading, the yield on the 10-year note fell to 2.73 percent from 2.76 percent on Wednesday. The price of oil was little changed at $100.35 a barrel. Gold gained $5.10, or 0.5 percent, to $1,300.10 an ounce.

Among other stocks making big moves:

— Whole Foods dropped $4, or 7.2 percent, to $51.46 after the grocery chain reported fiscal first-quarter profit and revenue that came in below analysts' forecasts. The company, known for its organic and natural food offerings, also lowered its earnings projections for the year again as the company faces more and more competition.

— Cisco Systems fell 58 cents, or 2.5 percent, to $22.27, after the company reported late Wednesday that weaker revenue and special charges weighed down its second-quarter earnings.

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