Economics
Dow Climbs Above 15,000 on Stimulus Optimism, Earnings
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U.S. stocks rose, sending the Dow Jones Industrial Average to its first close above 15,000, on optimism over global central bank stimulus and better-than-estimated corporate earnings.
Nine out of 10 groups in the Standard & Poor’s 500 Index rose. DirecTV gained 6.9 percent to an all-time high after adding more subscribers than analysts projected. Fossil Inc. advanced 9 percent after profit beat estimates and the company lifted its forecast for the year. EOG Resources Inc. jumped 7.7 percent after seeing higher growth rates for crude oil. First Solar Inc. plunged 8.9 percent after earnings fell short of estimates.