Industrial and defense stocks lead S&P 500 gainers after Honeywell, Rockwell Collins beat

Posted April 21, 2017 10:00 am by Comments

Industrial and defense stocks were major gainers Friday, as investors digested earnings reports from some big names in the sector, including General Electric Co. and Honeywell International Inc. . Rockwell Collins Inc. led S&P 500 gainers with a 3.4% gain, after it beat profit and sales expectations for its first quarter. Honeywell was in second place with a 2.5% gain after it reported stronger-than-expected earnings and raised the low end of its guidance range for the full year. Textron Inc. , which reported earlier this week, was up 1.8%. Northrop Grumman Corp. and Raytheon Co. were both up about 1%. GE, which posted strong results for its industrial segment but weakness in oil & gas, bucked the trend to trade down 0.7%. The S&P 500 was flat. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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