Business

Stocks rise as earnings reports begin; Boeing climbs

Advertisement

Stocks rose as corporate earnings reports got off to a good start. Fresh off the fiscal cliff rally, stocks are facing their first big challenge of 2013 as companies report quarterly earnings. Analysts had been cutting their outlook for earnings growth but now expect an overall 3.2% gain, according to S&P Capital IQ data. Early signs encouraged: Alcoa swung to a profit, though its Wednesday stock performance was lackluster. Helen of Troy, though, added 2.7% on net income that rose 15 percent. Boeing was the Dow’s big gainer, up 3.5% after two days of sharp declines due to problems with its 787 Dreamliner. Boeing said it has ‘extreme confidence’ in the plane.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com 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 BostonGlobe.com
Marketing image of BostonGlobe.com