TheStreet.com 21 finished off a turbulent earnings week on Friday by soaring 2.7% to a record-high close.
It ended the day at 1030.97, up more than 27 points from Thursday's close of 1003.49, and led all the major stock indexes, which posted gains of their own. Bolstered by a glowing report on orders for durable goods in June for the nation's industrial sector, the
Dow Jones Industrial Average
jumped 172.06 points, or 1.9%, to 9284.57. The
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rose 17.08 points, or 1.7%, to 998.68, and the
gained 29.28 points, or 1.7%, to 1730.70.
Out of a losing team of only three companies,
gave back some of its gains after posting its highest close on Thursday since July 9, at $33.20. Its stock fell 40 cents, or 1.2%, to $32.80, and
Level 3 Communications
took a beating, plummeting 35 cents, or 6.8%, to $4.80 in the wake of Thursday's earnings disappointment.
took a minor loss, falling by 1 cent, or 0.1%, to $9.49, but otherwise, all the players on the index headed north.
a tech-outsourcing company, led the pack with a gain of 27 cents, or 5.5%, to $5.22.
vaulted 99 cents, or 3.6%, to $28.43, and
grew by 68 cents, or 2.7%, to $25.61.
landed at its record-high close since February 2002, climbing 50 cents, or 2.7%, to $19.08, and
also posted gains of more than 2%.
, the Texas-based media conglomerate serving on the index as a barometer for ad spending, reported upbeat earnings on Friday. While its second-quarter profit fell to $39.4 million, or 34 cents a share, from $40.5 million, or 36 cents a share, it narrowly beat its own internal targets and Wall Street's consensus estimate. Also, the company raised its quarterly dividend by 9.5 cents a share, or 26.7%. Its stock went up 35 cents, or 1.6%, to $22.29.
In all, there were 18 winners as the TSC 21 charged ahead like a bull looking for third-quarter growth.
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