The Wenatchee World

Weather:

Weather

Five-day forecast

Remove this weather forecast

Tonight

Lo45° Rain Likely

Thursday

Hi63° Rain Likely

Thursday Night

Lo43° Mostly Cloudy

Friday

Hi61° Partly Sunny

Friday Night

Lo41° Partly Cloudy

Saturday

Hi62° Partly Sunny

Saturday Night

Lo40° Slight Chc Showers

Sunday

Hi61° Slight Chc Showers

Sunday Night

Lo41° Slight Chc Showers

Monday

Hi62° Mostly Cloudy

Wall Street

Send to Kindle
Print This

NEW YORK (AP) — The Standard & Poor’s 500 index eked out its second small gain of the week Wednesday as investors pored over the latest earnings reports.

TE Connectivity, an electronics company, was the biggest gainer in the S&P 500 after its earnings beat analysts’ expectations and the company posted a strong earnings outlook for the second quarter. But there were also some high-profile disappointments. IBM fell after the computing company reported lower-than-expected revenue in the period. Companies are still increasing their earnings and are forecast to log record quarterly profits for the period, but much of the improvement in recent years has come from cutting costs.

View my optionsorSign in