National News

Feb 14, 2014 4:38 PM by ASSOCIATED PRESS

US stocks have their best week so far this year


NEW YORK (AP) - The stock market is closing out its best week of the year as investors react to better earnings from U.S. companies.

The Standard & Poor's 500 index rose eight points, or 0.5 percent, to close at 1,838 Friday. The Dow Jones industrial average rose 126 points, or 0.8 percent, to 16,154.

The Nasdaq composite edged up three points, or 0.1 percent, to 4,244.

Campbell Soup rose 4 percent after the company reported that its latest quarterly profit and revenue came in above Wall Street's expectations.

Weight Watchers International plunged 25 percent after reporting a big drop in earnings.

The S&P 500 index climbed 2.3 percent this week, the biggest gain so far this year. Investors liked what they heard earlier in the week from incoming Federal Reserve Chair Janet Yellen.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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