Business

Snapshot

Earnings grabbing investors’ attention

Advertisement

Stocks ticked higher as investors waited to see whether big US companies would deliver on expectations of strong earnings. Alcoa’s results were mostly good. Later this week the pace picks up with reports from Bed Bath & Beyond, Wells Fargo, and JPMorgan Chase. Telecommunications stocks fell while health care issues inched higher. Lufkin Industries, an oilfield equipment maker, surged almost 38 percent after General Electric agreed to buy the company for $3 billion. GE wants to bolster its oil and gas operations. J&J dropped 93 cents after JPMorgan analysts cut their rating to neutral, saying it has risen too far, too fast.

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 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