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VOL. 39 | NO. 42 | Friday, October 16, 2015
Modest rise gives stocks a third straight week of gains
The Associated Press
Stocks are closing higher after a day of meandering, giving the market its third straight week of gains.
Company earnings were in focus again Friday.
General Electric rose 3 percent, the most in the Dow Jones industrial average, after the industrial conglomerate reported earnings that beat analysts' forecasts.
Schlumberger slid 2 percent after the company announced job cuts. Other oilfied service providers also fell.
The Dow edged up 74 points, or 0.4 percent, to 17,215.
The Standard & Poor's 500 index rose nine points, or 0.5 percent, to 2,033. The Nasdaq composite climbed 16 points, or 0.3 percent, to 4,886.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.03 percent.