Indices closed with gains today on Wall Street. Boeing, DuPont and American Express led the Dow’s ascent. Apple led Nasdaq advancers in the wake of its blockbuster earnings report released after the closing bell yesterday. Brands moved up on a deluge of economic news. Durable goods orders dipped last month. New orders fell 4.2% in March, down from February’s downwardly revised 1.9% increase. Discounting transportation, new orders slipped by 1.1%. On another note, Caterpillar issued respectable quarterly details. First-quarter earnings hit $1.58 billion, or $2.37 a share, up from $1.23 billion, or $1.84, a year ago. The company also boosted its 2012 outlook by 25 cents to $9.50 a share. Boeing’s numbers were impressive as well. The aerospace firm said first-quarter profit climbed 58% to $923 million, or $1.22 a share, from $586 million, or 78 cents a share, in the year-ago period. Northrop Grumman, however, posted falling profits, $506 million, or $1.96 a share, down from $530 million, or $1.79, a year ago.
Disclosures:
All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing.