Tuesday, April 19, 2011
Stocks gained back some of yesterday's losses, as positive earnings news helped boost the market. The modest gains came one day after the Dow fell 140 points on credit-ratings firm Standard & Poor's decision to lower its outlook on the U.S. government's triple-A credit rating. Traders and investors said that many of those worries were being shrugged off a day later. Johnson & Johnson led the Dow higher, gaining, 3.7%, after the blue-chip health care and consumer products company beat first-quarter earnings expectations and raised its full-year earnings outlook. Energy stocks were also strong as oil jumped to over $108 a barrel. Exxon Mobil gained .8%, while Chevron added .9%. DJIA +65.16 Nasdaq +9.59 S&P 500 +7.48.