Stocks closed mostly higher Thursday as upbeat earnings news from several large U.S. companies encouraged investors.
General Electric, Morgan Stanley and PepsiCo all moved higher after reporting their first-quarter financial results. The major stock indexes spent much of the day hovering between small gains and losses ahead of their scheduled close for Good Friday.
The Dow Jones industrial average slipped 16.31 points, or 0.1 percent, to 16,408.54.
The Standard & Poor’s 500 index gained 2.54 points, or 0.1 percent, to 1,864.85.
The Nasdaq composite added 9.29 points, or 0.2 percent, to 4,095.52.
For the week:
The Dow is up 381.79 points, or 2.4 percent.
The S&P 500 has risen 49.16 points, or 2.7 percent.
The Nasdaq is up 95.78 points, or 2.4 percent.
For the year:
The Dow is down 168.12 points, or 1 percent.
The S&P 500 index is up 16.49 points, or 0.9 percent.
The Nasdaq composite is down 81.07 points, or 1.9 percent.