Stocks gained for a second straight week as earnings reports started to come in, keeping the S&P 500 index within a fraction of its highest level in five years. Companies have started to report fourth-quarter results, but no clear pattern has emerged as yet. Aluminum company Alcoa gave stocks a lift after it reported earnings that matched analysts’ expectations and said that demand was increasing. Investors were unimpressed by Wells Fargo’s record profits. Companies reporting earnings this week include JPMorgan Chase, Goldman Sachs, Citigroup, Bank of America, as well as eBay, and Intel.
Stocks close up for second week
| Associated Press January 13, 2013
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