Summary Box: Dow regains all losses for April

AP News
Posted: Apr 27, 2012 5:17 PM
Summary Box: Dow regains all losses for April

DOW IS BACK: After struggling to regain losses from a big drop in early April, the Dow Jones industrial average is now positive for the month. The index rose just 0.2 percent Friday, but that was just enough. It closed at 13,228 versus 13,212 on March 30.

PROFIT BOOM: Stocks inched higher on surprisingly strong first-quarter earnings reports. Companies in the S&P 500 are now on track to report a 6 percent rise in earnings compared with a year ago, according to FactSet, a financial data provider. Last month, Wall Street analysts had expected earnings this quarter to be flat.

BIG WINNERS: Amazon jumped 16 percent after the online retailer reported a big increase in shipments. Online travel agency Expedia Inc. surged 24 percent on higher profits from its hotel-booking business.