The Dow Jones industrial average logged its longest winning streak in six months as a big week for corporate earnings began. The index rose for a fifth straight day on Monday, its longest winning streak since October.
Halliburton, an oil and gas drilling company, rose after reporting a first-quarter profit on rising revenue in the Middle East and Asia. Toymaker Hasbro gained after it said it returned to profitability in its first quarter, driven by sales of girls’ toys such as My Little Pony and Nerf Rebelle.
The Dow Jones industrial average rose 40.71 points, or 0.3 per cent, to 16,449.25.
The Standard & Poor’s 500 index gained 7.04 points, or 0.4 per cent, to 1,871.89.
The Nasdaq composite added 26.03 points, or 0.6 per cent, to 4,121.55.
For the year:
The Dow is down 127.41 points, or 0.8 per cent.
The S&P 500 index is up 23.53 points, or 1.3 per cent.
The Nasdaq composite is down 55.04 points, or 1.3 per cent.