S&P 500 index logs its best week of the year


Stocks closed out their best week of the year so far as investors focused on earnings and brushed off another weak economic report. Campbell Soup and Cliffs Natural Resources, a mining company, both rose on earnings that beat estimates. “For all practical purposes, we’re back,’’ said RBC Capital Markets’ Jonathan Golub. Friday’s session started lower following news that US factory output fell sharply in January. Manufacturers made fewer cars and trucks, appliances, furniture and carpeting, as the recent cold spell ended five straight months of increased production. US financial markets will be closed Monday for Presidents’ Day.

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