What a difference a week makes. Stocks had slumped 6% from mid-January to the end of last week. This week, they have rebounded to near the all-time highs set in mid-December. File photo of traders at the NYSE earlier this month.
Jin Lee, Bloomberg
US stocks have their best week so far this year
- Associated Press
- February 14, 2014 - 4:49 PM
NEW YORK — The stock market is closing out its best week of the year as investors react to better earnings from U.S. companies.
The Standard & Poor's 500 index rose eight points, or 0.5 percent, to close at 1,838 Friday. The Dow Jones industrial average rose 126 points, or 0.8 percent, to 16,154.
The Nasdaq composite edged up three points, or 0.1 percent, to 4,244.
Campbell Soup rose 4 percent after the company reported that its latest quarterly profit and revenue came in above Wall Street's expectations.
Weight Watchers International plunged 25 percent after reporting a big drop in earnings.
The S&P 500 index climbed 2.3 percent this week, the biggest gain so far this year. Investors liked what they heard earlier in the week from incoming Federal Reserve Chair Janet Yellen.
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