June 20, 2013

Earnings beats from DuPont, others send stocks up

BY: AP Staff Writer JANUARY 22, 2013 | MODIFIED: JANUARY 22, 2013 AT 4:45 PM
Leave a comment

Stocks are closing modestly higher after big companies including DuPont and Travelers reported earnings that came in ahead of Wall Street's expectations.

The Dow Jones industrial average rose 62 points to close at 13,712 Tuesday.

The Standard & Poor's 500 index rose six to 1,492. The Nasdaq composite average rose eight points to 3,143.

Earnings so far have been strong enough to drive a five-day winning streak for the S&P 500.

Chemical maker DuPont and the insurer Travelers were among the major U.S. companies reporting earnings that beat analysts' estimates. Both stocks rose about 2 percent, lifting the Dow average.

Rising stocks outnumbered falling ones two to one on the New York Stock Exchange. Volume was slightly above the recent average at 3.5 billion shares.

View article comments Leave a comment

More from washingtonexaminer.com

From the Weekly Standard

  • June 17, 1953

    Today, speaking at the Brandenburg Gate, President Obama paid appropriate tribute to the brave East Germans who rebelled 60 years ago against Communist dictatorship:

    Read More...
  • Problems of the Second Generation

    The Boston Marathon bombings highlighted, once again, the challenges of assimilating Muslim youth. And while the onus of accountability ought not rest exclusively on Muslim Americans, it...

    Read More...
  • Release Osama Bin Laden’s Files on Taliban

    The Obama administration announced on Tuesday that it was moving forward with its attempt to negotiate with the Taliban, which has opened a long-awaited political office in Doha, Qatar. The...

    Read More...