U.S. stocks end higher as major earnings kick off

US stock market closes higher; traders turn focus to corporate earnings

7/8/2013

NEW YORK — Stocks closed higher today as companies prepare to start reporting their second-quarter earnings.

The Dow Jones industrial average rose 88.85 points, or 0.6 percent, to close at 15,224.69 today. The Standard & Poor’s 500 climbed 8.57 points, or 0.5 percent, to end at 1,640.46. The Nasdaq composite was up 5.45 points, or 0.2 percent, at 3,484.83.

Wall Street is turning its attention to the performance of companies during the recent second quarter. Alcoa kicks off the reporting today, when it announces results after the close of trading.

Alcoa closed up 11 cents, or 1.4 percent, at $7.92.

Small-company stocks, which do best when investors are confident about economic growth, hit a milestone. The Russell 2000 index closed at an all-time of 1,009.25.