How the major stock indexes fared Wednesday

AP News
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Posted: Oct 13, 2010 4:35 PM
How the major stock indexes fared Wednesday

Better than expected earnings reports from three corporate bellwethers helped push stocks to their fourth day of gains on Monday, even though the companies themselves didn't get to enjoy the rally. Intel Corp. and JP Morgan Chase & Co. both fell by more than a percent despite announcing double-digit gains in profits. Their earnings reports, however, contained nuggets of hopeful news on the direction of the broader economy.

The Dow Jones industrial average rose 75.68, or 0.7 percent, to 11,096.08.

The Standard & Poor's 500 index rose 8.33, also 0.7 percent, to 1,178.10.

The Nasdaq composite index rose rose 23.31, or 1 percent, to 2,441.23.

For the week:

The Dow is up 89.60, or 0.8 percent.

The S&P is up 12.95, or 1.1 percent.

The Nasdaq is up 39.32, or 1.6 percent.

For the year:

The Dow is up 668.03, or 6.4 percent.

The S&P is up 63.00, or 5.6 percent.

The Nasdaq is up 172.08, or 7.6 percent.