State and Nation Business

Higher profits from Ford, others drive stocks up

NEW YORK – Another dose of strong corporate earnings, this time from Ford, Southwest Airlines and others, helped push the stock market higher on Thursday.

It’s one of the busiest weeks on Wall Street for corporate earnings. Roughly a third of the S&P 500 will report results, including some of the world’s best-known companies.

For investors, this week has also been a welcome return to business as usual.

So far, corporate earnings have come in pretty much as most money managers expected. Companies are reporting bigger profits, but most of the growth has come from cost-cutting, a trend that hasn’t changed very much since the financial crisis.

The Dow Jones industrial average rose 95.88 points, or 0.6 percent, to 15,509.21. The Standard & Poor’s 500 index added 5.69 points, or 0.3 percent, to 1,752.07, roughly three points from the record high of 1,754.67 it reached on Tuesday.

The Nasdaq composite was up 21.89 points, or 0.6 percent, to 3,928.96.

Twitter sets $17 to $20 per share range for IPO

Loading more

Digital Access

Digital Access
Access nwherald.com from all your digital devices and receive breaking news and updates from around the area.

Home Delivery

Home Delivery
Local news, prep sports, Chicago sports, local and regional entertainment, business, home and lifestyle, food, classified and more! News you use every day! Daily, weekend and Sunday packages.

Text Alerts

Text Alerts
Stay connected to us wherever you are! Get breaking news updates along with other area information sent to you as a text message to your wireless device.

Email Newsletters

Email Newsletters
We'll deliver news & updates to your inbox. Plan your weekend and catch up on the news with our newsletters.