Dow ends best week in a year amid pre-earnings trading lull
The Dow ended its best week in a year with another gain Friday as investors placed their last bets before the start of second-quarter earnings reports.
The Dow Jones industrial average rose 59 points, or 0.6 percent. That gave the Dow its biggest weekly advance in a year, 5.3 percent. Broader indexes posted bigger gains. Trading volume was light, signaling that many investors were staying out of the market. But those who were trading appeared optimistic about the company reports that will be announced starting next week.
Friday’s modest moves weren’t surprising. Traders usually avoid making big bets in the days before earnings reports because the data provide a good picture of how those companies are performing. Google Inc., Intel Corp., Bank of America Corp., General Electric Co. and Advanced Micro Devices Inc. are among the companies due to report next week.