NEW YORK (AP) - Good news on the job market and healthy earnings from name-brand companies are nudging investors to put more money into the stock market. But the engines driving the market were more tepid than turbocharged yesterday. They were enough, however, to help stocks rise for a fifth straight day.
The three major U.S. stock indexes all closed higher.
The Standard & Poor's 500 has risen every day since last Friday, a record not matched since early March.
The Dow Jones industrial average rose as much as 91 points yesterday before giving up most of that gain. Investors were underwhelmed by what ultimately turned out to be a mixed bag on earnings.
The Dow closed up 24 ½ points, or 0.2 percent, to 14,700. The S&P 500 rose 6 points, or 0.4 percent, to 1,585. And the Nasdaq composite index rose 20 points or 0.6 percent.