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Stocks Close Up After Light Trading Friday
Some encouraging earnings reports pulled investors back into the stock market Friday.
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NEW YORK (November 13, 2009)—Some encouraging news from earnings reports drew investors back into the stock market Friday, one day after a big drop.
Improving profits from The Walt Disney Co., Abercrombie & Fitch Co. and J.C. Penney Co. Friday offset worries about a disappointing consumer confidence report.
The Dow Jones industrial average rose 73 to 10,270 in light trading, a day after falling 94.
The Standard & Poor's 500 index was up 6 at 1,093.
The Nasdaq composite index was up 19 at 2,168.
Three stocks rose for every one that fell on the New York Stock Exchange.
Volume totaled 983.7 million shares compared with 1 billion Thursday.
Indexes were up more than 2 percent for the week.
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