Dow Gains 230 Points as Earnings Shocks Cancel Out

The Dow Jones Industrial Average climbed 230 points on Friday, touching the 52,500 area as investors digested two earnings reports that largely offset one another. The index remained roughly 1.6% shy of its all-time high.

The offsetting moves suggest that despite individual company surprises, the overall market tone stayed positive, with the Dow holding near record territory.