Strong earnings propel stocks higher
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NEW YORK, Jan 25 AFP
January 26 2013, 08:43AM
Strong earnings reports from Procter and Gamble, Halliburton and other equities propelled US markets higher on Friday.
At the close, the Dow Jones Industrial Average was up 68.42 (0.49 per cent) to 13,893.75.
The broad-based S&P 500 rose 7.98 (0.53 per cent) to 1,502.80.
The tech-heavy Nasdaq Composite Index jumped 19.33 (0.62 per cent) to 3,149.72.
Friday's trading saw slumping technology giant Apple and oil behemoth ExxonMobil trade off as the biggest company in terms of market capitalisation. By the close, Apple had recovered the top spot after ceding it to Exxon in the early afternoon.
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