The Dow Jones industrial average closed 59 points higher, or 0.5% snapping three days of losses. AT&T (T, Fortune 500) and Boeing (BA, Fortune 500) led the way. The airplane maker topped earnings forecasts and boosted its guidance for the year. Caterpillar (CAT, Fortune 500) was initially the best performer on the Dow, as investors cheered the manufacturing giant’s earnings beat and rosy outlook. The stock slid somewhat after an executive said that the construction industry in China remains weak and has yet to show improvement. The S&P 500 closed just below the breakeven line. Positive results from chipmakers Altera (ALTR) and Broadcom (BRCM, Fortune 500) were offset by bad numbers from TripAdvisor (TRIP). The Nasdaq fell 9 points, or 0.3%, due largely to Apple’s earnings miss. Apple (AAPL, Fortune 500) is the biggest component of the tech-heavy index by far, and shares closed down more than 4%.



