Business

Stocks rise on profit gains from Microsoft, others

Advertisement

Strong third-quarter results from tech companies drove stocks higher, giving the market its third straight weekly gain. After reporting results that topped expectations, both Microsoft and Amazon.com rose. Zynga also gained. Most companies that have reported third-quarter earnings are beating estimates. But some market watchers are calling for investors to be cautious, saying that a significant part of the profit growth has come from cutting expenses, not increasing revenue, as the global economy remains sluggish. The government reported that durable goods orders, excluding aircraft and military-related products, fell 1.1 percent.

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