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Monday
Apr082013

Stocks Rebound with Start of Corporate Earnings Season

Hemera/Thinkstock(NEW YORK) -- Stocks rebounded Monday with the start of the corporate earnings season.
 
Alcoa kicked off the U.S. earnings season after Monday's closing bell, reporting first-quarter results that beat estimates. The big New York-based aluminum manufacturer says it expects seven-percent global growth this year.

The Dow Jones Industrial Average gained 48.23 points to close at 14,613.48. The Nasdaq Composite closed up 18.39 points, finishing the session at 3,222.25. The S&P 500 added 9.79 points and closed at 1,563.07.

Analysts expect consumer discretionary stocks, including store chains like Macy's, to lead the growth in profits this earnings season.

Copyright 2013 ABC News Radio