You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Markets

Earnings, economy push Dow to record

Continue reading below

The Dow closed at a record high as the good narrowly outweighed the bad. Stocks opened to a government report that the economy stalled in the first quarter as winter storms hurt business activity. But investors played off the numbers because most expect the slowdown to be temporary as growth rebounds with warmer temperatures. Some solid earnings, however, and corporate deals helped offset the weak report, and by midday stocks had eked out small gains. They got some momentum in the afternoon after, as expected, the Fed said it would reduce its monthly bond purchases by another $10 billion to $45 billion.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

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 BostonGlobe.com
Marketing image of BostonGlobe.com