NEW YORK (
(GE - Get Report)
(MCD - Get Report)
(MSFT - Get Report)
were leading the
Dow Jones Industrial Average
higher Friday after posting positive earnings.
The Dow rose 108.91 points to 13,073.01.
Shares of Microsoft rose 5.71% to $32.78. The software company reported Thursday fiscal third-quarter earnings of $5.11 billion, or 60 cents a share, down from year-earlier earnings of $5.23 billion, or 61 cents a share. The company's third-quarter earnings topped analysts' estimates of 57 cents a share.
Microsoft was also the
gives Microsoft an A grade with a buy rating and
McDonald's shares increased 2.17% to $97.35. The fast-food chain's earnings were in line with analysts' expectations.
of $1.27 billion, or $1.23 a share, on revenue of $6.55 billion. Year-earlier earnings were $1.2 billion, or $1.15 a share, on revenue of $6.11 billion.
gives McDonald's an A grade with a buy rating and
Shares of General Electric gained 1.83% to $19.49. The multinational company beat analysts' earnings estimates
by a penny
with earnings of $3.6 billion, or 34 cents a share. Profit rose year-earlier earnings of $2.3 billion, or 21 cents a share. Analysts expected earnings of 33 cents a share.
gives General Electric a B grade with a buy rating and
The biggest decliner in the index midday Friday was
Bank of America
(BAC - Get Report)
. Shares fell 2.45% to $8.56.
CLSA analyst Mike Mayo
slapped a sell rating on the stock following Bank of America's first-quarter earnings earlier this week. Mayo thinks the bank's earnings power is declining.
gives Bank of America a
and hold rating.
-- Written by Alexandra Zendrian
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