DJIA Leaders & Laggards: Alcoa, Coca-Cola
By
Associated Press
June 13, 2008
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The Dow Jones industrial average ended higher on Friday, with aluminum maker Aloca Inc., automaker General Motors Corp. and JPMorgan Chase & Co. recording the highest percentage gains.
With 28 stocks ending higher, the blue chip index rose 165.77 points, or 1.37 percent, to 12,307.35. Oil prices declined, and May core inflation rose only slightly, falling in line with analyst expectations.
Alcoa shares rose $1.72, or 4.6 percent, to $39.46, ending a volatile week that saw the stock rise and fall on speculation over whether the company will be bought out.
General Motors advanced 69 cents, or 4.4 percent, to $16.45.
JPMorgan rose with other financial stocks, gaining $1.57, or 4.1 percent, to $39.58.
General Motors Corp. rose 66 cents, or 4.2 percent, to $16.42.
Coca-Cola Co. gave up $1.72, or 3 percent, to $55.42. Coca-Cola Hellenic Bottling Co. SA, the second-largest Coca-Cola bottler, warned soft economic conditions, poor weather and high costs in Europe affected 2008 profit.
And Procter & Gamble Co. lost a penny to $66.45.