Ahead of East Coast Blizzard, Stocks Close with Gains
(NEW YORK) — Stocks got a boost to end the week from stronger than expected earnings reports, despite concerns about the impending blizzard on the east coast.
The Dow closed up 49 points, or 0.35 percent, at 13,992.97. Earlier Friday, the index climbed above 14,000 for the first time since Tuesday. The Nasdaq added 29 points to close at 3,193.87, a 12-year high. The S&P gained nine points and called it a day at a 5 year high of 1,517.93.
The U.S. trade deficit narrowed sharply in December, falling 21 percent because oil imports plummeted and total exports rose.
Coinstar could use a little more change the company’s 1st quarter earnings fell short of expectations.
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