U.S. stocks rose, sending benchmark indexes toward record closing highs, as better-than-estimated manufacturing data and earnings from Citigroup Inc. (C) overshadowed a disappointing retail sales report.
The Standard & Poor’s 500 Index climbed 0.2% to 1,682.91. The Dow Jones Industrial Average added 23.80 points, or 0.2%, to 15,488.10.
The S&P 500 closed at a record last week after Federal
Reserve Chairman Ben S. Bernanke backed sustained monetary stimulus. The
gauge added 3% through the five days, for a third week of gains and its
biggest rally since Jan. 4.
Profit at companies listed on the S&P 500 rose 2% last quarter, down from a projection of 8.7% six months ago.
Citigroup rose 2% after profit beat analysts’ estimates as
stock-trading revenue surged and losses on unwanted assets declined.
Leap Wireless International Inc. more than doubled after AT&T Inc.
agreed to buy the company for $1.2 billion.
Boeing Co. climbed 3.6% as a
U.K. agency said last week’s fire on a 787 aircraft is unrelated to
battery blazes that grounded the fleet earlier this year.
Комментариев нет:
Отправить комментарий