Stock indexes post third week of gains


Better earnings from GE and Morgan Stanley helped the market inch higher Friday, as major indexes closed out a third straight week of gains. GE led the 30 stocks in the Dow after it posted stronger quarterly earnings, thanks to orders from Brazil and some developing countries. This earnings season is off to a good start. Of the 67 companies in the S&P 500 that have reported, 43 have trumped analysts’ estimates. Solid results from JPMorgan Chase and others, along with encouraging news on housing and jobs, pushed the S&P 500 to its latest five-year high. Analysts forecast that S&P 500 firms will report a 4 percent increase in earnings.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of