Independent, Fee-Only Financial Advisor
Wednesday, October 13, 2010
A strong pair of earnings from J.P. Morgan Chase and Intel helped lift the broader market even as they stumbled, sending U.S. stocks to a fourth straight day of gains. The Dow Jones Industrial Average rose .7%, ending the day at a five-month high. Investors were uplifted by better-than-expected earnings from blue chips Intel and J.P. Morgan, though the two stocks were among the Dow's worst performers today. Apple gained .5%, pushing its share price above the $300 mark for the first time. Also, gold hit another record, trading above $1370 and ounce. DJIA +75.68 Nasdaq +23.31 S&P 500 +8.33.