Updated from 2:54 p.m. EDT
Quarterly reports continue to come in from the index components, the most recent being AT&T ( T), Boeing ( BA) and McDonald's ( MCD). The phone company and the planemaker were doing pretty well following their results, up about 3% each. The burger seller wasn't having as good of a day, slipping 1.6% to $54.74. I tend to give McDonald's a bit of a break on days like this. The stock has held up better than most of the rest of the industrials during what has been, I think we can agree, an awfully rough year and a half. While its shares are 18% below its 52-week high of $67, only one Dow stock has been better in that time, Home Depot ( HD), which is 13.6% removed from its best level of the past year. Earnings season began for the DJIA on April 7, when Alcoa ( AA) reported. That day, the index ended just under 7790. Since then, using the price at around 2:30 p.m. EDT, it's up about 215 points, or 2.7%. That's really not bad for a two-week span, especially considering not all of the reports and forecasts have been particularly bullish. Several profits have been down year over year, even if they've generally been in line with or ahead of estimates. Revenue numbers, meanwhile, haven't always been quite as strong in terms of analyst comparisons. As I've said several times in the past, we might not be ready to sound the all clear yet, but we certainly don't have as many of those here comes the apocalypse days that we had last summer and fall, either. Steps in the right direction. Nearly half of the Dow is still to report in the coming days and weeks. We'll see how it goes from here.