(NEW YORK) — Stocks reversed a two-day decline Friday, thanks to stronger earnings reports.
The Dow closed up 120 points to end the week at 14,000.57. The Nasdaq Composite added 30 points, closing at 3,161.82. The S&P earned 13 points to finish at 1,515.60.
Home prices rose in January for the 15th month in a row. Real estate website Zillow says it was the largest year-over-year increase since 2006. Investors are snapping up lower priced properties and turning them into rentals.
Meanwhile, Boeing has given Congress a long-term proposal to fix the 787 Dreamliner’s troubled batteries. It would require some testing and safety recertification of the lithium ion batteries, but wouldn’t have the planes back in the air until at least April.
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Adam Forsgren, EastIdahoNews.com Columnist