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Showing posts with label straight. Show all posts
Showing posts with label straight. Show all posts

Wednesday, March 2, 2011

Summary Box: Stocks end 3rd straight month higher (AP)

OIL HOLDS STEADY: Stocks rose Monday as oil prices stabilized. Oil settled at a little less than $97, down from a high of $103 last Thursday.

THE INDEXES: The Dow Jones industrial average rose 95.89 to 12,226.34. The S&P 500 rose 7.34 to 1,327.22. The Nasdaq composite rose 1.22 to 2,782.27.

MONTHLY STREAK: All three indexes ended the month higher. The Dow rose 2.8 percent, the S&P gained 3.2 percent, and the Nasdaq rose 3 percent. The S&P 500 is on a three-month stretch of gains, its longest since April 2010.


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Tuesday, February 22, 2011

Dow notches third straight week of gains (AP)

By DAVID K. RANDALL and MATTHEW CRAFT, AP Business Writers David K. Randall And Matthew Craft, Ap Business Writers – Fri Feb 18, 5:45 pm ET

NEW YORK – The Dow Jones industrial average continued climbing on Friday, notching its third straight week of gains.

The Dow has lost ground only three days in February. The average of 30 large companies rose 1 percent this week and 4.2 percent for the month.

The broader Standard & Poor's 500 index gained 1 percent this week and is up 4.4 percent in February.

Better manufacturing reports and stronger profits from Dell Inc., McDonald's Corp. and other companies have pushed stocks higher this month. With the earnings season coming to a close, nearly 70 percent of the companies in the S&P 500 that reported results so far have beat analysts' expectations, according to Royal Bank of Scotland.

Caterpillar Inc. rose 2.4 percent to lead the Dow. The company said sales of its heavy construction and mining equipment surged 49 percent last month.

Alcoa Inc. fell 1.4 percent, the largest drop.

The Dow gained 73.11 points, or 0.6 percent, to close at 12,391.25. The S&P 500 rose 2.58 points, or 0.2 percent, to 1,343.01. The Nasdaq composite rose 2.37, or less than 0.1 percent, to 2,833.95.

The Nasdaq is now 25 points away from reaching a 10-year high.

Finance ministers and central bankers from countries in the Group of 20 met in Paris Friday to discuss issues affecting the global economy. In a speech at the conference, Federal Reserve chairman Ben Bernanke said that countries with large trade surpluses like China should let their currencies rise in value in order to prevent another financial crisis. He also said that countries with large trade deficits must reduce government spending over time, an apparent reference to the United States.

Campbell Soup Co. fell 4 percent after the company said its profit fell 8 percent in its latest quarter. The company also cut its outlook for the rest of its fiscal year.

Intuit Inc. jumped 7 percent after the personal finance software maker raised its forecast for full-year earnings growth late Thursday.

Rising shares outpaced falling ones by a nearly three to two margin on the New York Stock Exchange. Consolidated trading volume was 4 billion shares.

Markets will be closed Monday for the President's Day holiday.


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Summary Box: Dow rises for third straight week (AP)

DOW'S STREAK: The Dow Jones industrial average continued climbing on Friday, notching its third straight week of gains. The Dow has lost ground only three days in February and is up 4.2 percent for the month.

BIG CAT: Caterpillar Inc. rose 2.4 percent to lead the Dow. The company said sales of its heavy construction and mining equipment surged 49 percent last month.

THE INDEXES: The Dow Jones industrial average rose 73 points to 12,391.The Standard & Poor's 500 index rose 3 to 1,343. The Nasdaq composite rose 2 to 2,833.


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