NEW YORK (October 25, 2012)—Stocks closed modestly higher Thursday on the strength of a handful of decent corporate earnings reports that proved enough to break a weeklong slump in the market.
The Dow Jones industrial average managed a gain of 26 points, ending the day at 13,104 Thursday after spending most of the afternoon near the breakeven line.
The Standard & Poor's 500 index edged up four points to close at 1,413.
The Nasdaq composite rose four to end the day at 2,986.
Procter & Gamble was the biggest gainer in the Dow after the consumer products company, whose products include Tide, Gillette and Charmin, reported earnings that beat analysts' expectations.
Three stocks fell for every one that rose on the New York Stock Exchange where volume was in line with the recent average at 3.4 billion shares.