NEW YORK (April 8, 2013)--Stocks closed higher Monday as traders turned their focus to U.S. corporate earnings reports.
Aluminum maker Alcoa was the first company in the Dow Jones industrial average to report first-quarter results and the earnings, which came in shortly after the closing bell, were better than analysts expected.
The Dow Jones industrial average gained 48 points, or 0.3 percent, to end at 14,613 Monday.
Other indexes posted slightly bigger gains.
The Standard & Poor's 500 index increased nine points, or 0.6 percent, to end the day at 1,563.
The Nasdaq composite rose 18 points, or 0.6 percent, to close at 3,222.
Two stocks rose for every one that fell on the New York Stock Exchange where volume was light at 2.8 billion shares.