NEW YORK -- Stocks rose for a seventh consecutive session today, with the blue-chip sector overcoming weak profit reports from Dow components 3M Co. and Chevron Corp. Dow up 13.91
The Dow Jones industrial average bounced back from a loss of 97 points and rose 13.91 points to 8,533.14, extending an increasingly anemic winning streak to seven sessions. While the Dow has risen nearly 600 points over that span -- the first such streak in more than a year -- the past four sessions have accounted for a measly 116 points of the gain.
Broader stock indicators posted more sizable gains.
The Standard & Poor's 500 index rose 8.56 to 1,078.48 and the technology-heavy Nasdaq composite index rose 27.89 to 1,702.64.
Advancers outnumbered decliners by a 3-to-2 margin on the New York Stock Exchange, with 1,852 up, 1,230 down and 458 unchanged.
The NYSE composite index rose 3.60 to 533.00. NYSE volume totaled 742.64 million shares vs. 739.98 million yesterday.
The Russell 2000 index of smaller companies rose 6.46 to 366.40, and the small-company dominated American Stock Exchange composite index rose 8.32 to 628.87.
The 30-year Treasury bond fell 31/32 to 105 19/32, with the yield rising to 5.13 percent.
Among Dow components, 3M fell $2.81 to $81.44 after failing to meet earnings forecasts. Chevron also came up short and warned that low oil prices continue to hurt profits. Its stock fell $5.75 to $81.50. But Procter & Gamble Co., up $3.06 to $86.871/2, and Boeing Co., up 44 cents to $36.44, beat expectations to help cushion the Dow.
In Tokyo, the Nikkei stock average rose 0.6 percent.