CLOSING BELL: July 25: DJIA: 12,676.05 | UP 58.73 | +.47%
OIL: $88.97, UP .47, +0.53%
GOLD: $1,608.10, UP 31.90 +2.02%
GASOLINE (US Avg): $3.485, UP .012
Hibah Yousuf, CNNMoney – U.S. stocks closed the day in mixed territory Wednesday, after investors sorted through a divergent batch of earnings reports, including solid results from Boeing, and a big miss from Apple.
The Dow Jones industrial average closed 59 points higher, or 0.5% snapping three days of losses. AT&T (T, Fortune 500) and Boeing (BA, Fortune 500) led the way. The airplane maker topped earnings forecasts and boosted its guidance for the year.
Caterpillar (CAT, Fortune 500) was initially the best performer on the Dow, as investors cheered the manufacturing giant’s earnings beat and rosy outlook. The stock slid somewhat after an executive said that the construction industry in China remains weak and has yet to show improvement.
The S&P 500 closed just below the breakeven line. Positive results from chipmakers Altera (ALTR) and Broadcom (BRCM, Fortune 500) were offset by bad numbers from TripAdvisor (TRIP) .
Read the rest of this article at CNNMoney here.
The Common Good publishes a financial market wrap-up every weekday after markets close, available here.