Summary Box: Dow ends modestly after early gains

AP News
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Posted: Oct 21, 2010 4:54 PM
Summary Box: Dow ends modestly after early gains

DOW PULLS BACK: The Dow Jones Industrial average gained 39 Thursday, or 0.4 percent, after trading as much as 105 points higher earlier in the day.

BLUE CHIPS BEAT EARNINGS: Dow earnings components McDonald's Corp., Travelers Cos. and Caterpillar Inc. all beat analyst expectations for third-quarter earnings.

MIXED LABOR NEWS: First-time claims for unemployment benefits fell last week, but the decline was offset by a sharp revision to the previous week's claims. Claims remain stuck at levels that indicate companies are not making changes to their current workforce.