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Stocks inch higher; Boeing holds the Dow back

Friday - 7/12/2013, 4:49pm  ET

Trader Edward Curran, right, works on the floor of the New York Stock Exchange Wednesday, July 10, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed's vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)

The Associated Press

A last-minute turnaround is leaving the stock market with small gains for the day -- enough to leave major U.S. indexes at new all-time highs.

The Dow Jones industrial average eked out a gain of three points, just 0.02 percent, to close at 15,464 Friday.

The Dow was in the red for most of the afternoon because of a sharp drop in Boeing following a fire in a 787 Dreamliner parked in London.

The Standard & Poor's 500 rose five points, or 0.3 percent, to 1,680.

The Dow and S&P also closed at record highs Thursday.

The Nasdaq rose 21, or 0.6 percent, to 3,600.

UPS sank 6 percent after cutting its earnings forecast as customers chose cheaper shipping options.

Banks rose after Wells Fargo and JPMorgan beat earnings forecasts.


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