Summary Box: Stock rise on corporate earnings

AP News
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Posted: Oct 21, 2011 5:10 PM
Summary Box: Stock rise on corporate earnings

RALLY: A broad rally swept through the stock market Friday after McDonald's and several other large companies reported solid earnings. McDonald's Corp., Chipotle Mexican Grill Inc. and Harman International Industries Inc. were among companies that beat analysts' expectations.

HOPEFUL SIGN: On Friday the government said unemployment fell last month in half of U.S. states and was unchanged in 11. That's much better than in August, when unemployment rose in 26 states.

GOOD STREAK: The Standard & Poor's 500 index closed higher for the third straight week, its best run since February.