U.S. stocks mostly up for week on earnings Apple
Post# of 102755
U.S. stocks mostly up for week on earnings
Apple’s fall helps propel Nasdaq to third week of losses
NEW YORK (MarketWatch) — U.S. stocks mostly advanced Friday, with two of the major indexes halting a two-week losing streak, as better-than-expected corporate results overrode global concerns.
“A lot of stock prices are being made in Europe these days, but it is a short-term phenomenon. Even though the economies are weak, they seem to be doing what they should be doing, and that sort of behavior tends to be rewarded,” said John Manley, chief equity strategist at Wells Fargo Advantage Funds.
“The market is coming to grips with what lies before it. On balance, earnings numbers are more positive than negative,” he added.
After rising as much as 118 points, the Dow Jones Industrial Average DJIA +0.50% gained 65.16 points, or 0.5%, to 13,029.26, up 1.4% from the week-ago close and its first weekly gain in three.
http://www.marketwatch.com/story/us-stock-ind...2012-04-20
(0)
(0)