Stocks rebound on strong earnings

The stock market bounced back from a big loss after getting a boost from some good first-quarter earnings reports.

Toy maker Hasbro reported an unexpected gain in sales on the back of strong demand for its Transformer, Nerf and Marvel toys. Oil and gas services company Halliburton and investment bank Morgan Stanley also reported results that were better than analysts were expecting.

Stocks were recovering from a big slump Friday when worries about the unresolved Greek debt crisis and some disappointing earnings reports rattled financial markets.

The Standard & Poor’s 500 index climbed 19.22 points, or 0.9%, to 2,100.40. The Dow Jones industrial average gained 208.63 points, or 1.2%, to 18,034.93. The Nasdaq composite climbed 62.79 points, or 1.3%, to 4,994.60.

Hasbro was the biggest gainer in the S&P 500 index after reporting better-thanexpected earnings. The company is battling a shift toward video gaming, but unexpectedly reported rising revenue for the first quarter. The stock jumped $8.27, or 13%, to $74.16.

Halliburton was another company to gain after posting earnings that beat expectations.

The company reported a $643-million loss for the first quarter, but after asset write-offs, severance costs and other items had been accounted for, the company logged earnings per share of 49 cents. Halliburton’s stock rose 96 cents, or 2%, to $47.85.

In government bond trading, prices edged lower. The yield on the benchmark 10-year Treasury note rose to 1.88% from 1.86% on Friday.

In currency trading, the euro weakened to $1.0737 from $1.0805 on Friday. The dollar rose to 119.24 yen from 118.94 yen.

U.S. crude oil rose 64 cents to close at $56.38 a barrel in New York. Brent crude, a benchmark for international oils used by many U.S. refineries, was unchanged at $63.45 a barrel in London.

In metals trading, silver fell 34 cents, or 2.1%, to $15.89 an ounce. Gold dropped $9.40, or 0.8%, to $1,193.50 an ounce. Copper also dropped, falling 4.2 cents, or 1.5%, to $2.73 a pound.