Strong Earnings Drive Stocks

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& #8226; National

Strong earnings reports sent stocks soaring for a second straight session Friday as investors shrugged off slow growth in the nation’s gross domestic product. The Dow had a two-day gain of nearly 200 points, and the major indexes ended the week with solid gains.


The Dow Jones Industrial Average rose 97.74, or 0.9 percent, to 10,907.21. The S & P; 500 gained 9.89, or 0.8 percent, to 1,283.72. The Nasdaq Composite Index added 21.23, or 0.9 percent, to 2,304.23.


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& #8226; Local


Local movers were led by Reliance Steel & Aluminum Co., which gained 3.2 percent to $80.65, Jacobs Engineering Group Inc., which jumped by 2.5 percent to $80.23, and Occidental Petroleum Corp., which rose 1.8 percent to $91.21. On the down side, shares of International Rectifier Corp. dipped 5.9 percent to $36.08, Diodes Inc. fell 3.2 percent to $35.24 and Cathay General Bancorp lost 2.1 percent to $36.40.

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