Hopes that global manufacturing activity is heating up lifted industrial stocks Monday ahead of an earnings report from Alcoa Inc. After the closing bell, Alcoa posted revenue that topped expectations, but profits excluding one-time costs fell short of forecasts. The report from the nation’s largest aluminum producer gave traders one of the first looks at how companies fared in the final quarter of 2009.
The Dow Jones industrial average rose 45.80, or 0.4 percent, to 10,663.99.
The Standard & Poor’s 500 index rose 2.00, or 0.2 percent, to 1,146.98.
The Nasdaq composite index fell 4.76, or 0.2 percent, to 2,312.41.
For the year:
The Dow is up 235.94, or 2.3 percent.
The S&P is up 31.88, or 2.9 percent.
The Nasdaq is up 43.26, or 1.9 percent.