The Dow, which finished the day after adding 70 points, or 0.6%, to 10,997, crossed the 11,000-point threshold near the closing bell for the first time since September 2008. The S&P 500 improved 8 points, or 0.7%, to 1194, while the Nasdaq went ahead by 17 points, or 0.7%, at 2454.

The tech-heavy Nasdaq also led the other major averages for the week, adding 2.1%. The S&P gained 1.4% since last Thursday’s close, while the Dow picked up 0.6%.

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Net revenues were $5.6 billion and fair value gains were $823 million, Fannie Mae said in a regulatory filing.

The mortgage entity said the $12.5 billion increase in net loss in the period was driven by a $13.4 billion increase in credit-related expenses, which “more than offset a $1.7 billion increase in net interest income.”

The results were “adversely affected by the ongoing deterioration in the housing and mortgage markets, the economic recession and rising unemployment,” Fannie Mae said.

Fannie Mae said its request submitted Thursday for an additional $10.7 billion in aid follows a $19 billion infusion from Treasury in June, and a $15.2 billion infusion in March.

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NEW YORK (Fortune) — Boeing stock has plunged as air travel swoons globally. This year is expected to be only the third time air traffic has declined in its 50-year history.

Boeing Shares have dropped 60% since their peak in October of 2007, and earnings have sunk 50% in the first quarter as airlines delay or cancel orders, Boeing begins to cut production, and investors worry about Pentagon spending cuts.

But with its 787 Dreamliner ready for launch this summer, should investors consider buying shares of the aerospace manufacturer?

Continue reading the article at:  money.cnn.com

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Stocks got a boost from Intel Corp., the chipmaking giant. The company reported better-than-expected results, though sales still fell sharply from the year-ago quarter and Intel reported a net loss.

In early action, Sprint climbed 3%, while Motorola  and Nokia each gained 4%.

AT&T Inc. and Verizon Communications Inc. also rose about 1% each.

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Profits jumped 25.7% to $17.7 billion on revenues of $60.4 billion as the software giant offset declining sales of its Windows operating system with increased revenues from its server and tools software products.

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AT&T Inc. (T:AT&T Inc) is estimated to report a profit of 48 cents a share in the first quarter.

McDonald’s Corp. (MCD:McDonald’’s Corp) is likely to report a first-quarter profit of 82 cents a share, according to analysts.

Boeing Co. (BA: Boeing) is forecast to post earnings of 91 cents a share in the first quarter.

Kimberly-Clark Corp. (KMB: Kimberly-Clark Corp)is expected to report first-quarter earnings of 97 cents a share.

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The world’s second-largest home-improvement retailer after Home Depot Inc. ( HD) nevertheless raised its fiscal-year earnings view but narrowed its outlook for revenue.

The company now expects fiscal-year earnings of $1.13 to $1.25 a share, up from February’s reduced estimate of $1.04 to $1.20. It now forecasts revenue ranging from down 2% to up 1% compared to February’s view of down 2% to up 2%. It still expects same-store sales in a range of down 4% to 8%.

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A newcomer to the Fortune 500, Dollar Tree was also its best performing stock last year, returning nearly 61%. That was no small feat: As a group, the Fortune 500 sank 41%. The company cashed in on the recession, as a $1 (or less) price on everything from candy to glassware drove sales at more than 3,500 stores.

Family Dollar Stores

There’s nothing like a recession to draw customers into a dollar store. Family Dollar raked in $6.9 billion in sales last year, and its stock soared nearly 40%. An expanding assortment of goods – including ready-to-serve soups and Hanes underwear – helped boost business. The average amount spent per customer: $10.

(source: money.cnn.com)

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The numbers: Fiscal second-quarter revenue declined 20% to $938 million as net income and earnings per share surged 183% to $36 million and 83 cents, respectively. The debt-to-equity ratio remained low at 0.63, but a quick ratio of 0.43 indicates a weak cash position. Margins improved significantly, with the operating margin climbing 443 basis points to 6.2% and the net margin jumping 272 basis points to 3.8%.

The stock: New Jersey Resources has fallen 6% in 2009, in line with the performance of the Dow Jones Industrial Average. The stock trades at a price-to-earnings ratio of 13 and offers an attractive 3.4% dividend yield.

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Large- and midcap offerings followed with their own strong showings.

Large-cap funds collectively added 16.2%, with large-blend and large-value each up 16.4% and large-growth up 15.6%. Among the top performers were the hardest-hit funds of 2008, such as Vanguard Capital Value Fund /quotes/comstock/10r!vcvlx (VCVLX 6.62, -0.18, -2.65%) , up 39.1%, Yacktman Focused Fund /quotes/comstock/10r!yaffx (YAFFX 12.59, -0.36, -2.78%) , up 36.9%, Legg Mason Value Trust /quotes/comstock/10r!lmvtx (LMVTX 28.64, -1.05, -3.54%) , gaining 29.4%, and Longleaf Partners Fund /quotes/comstock/10r!llpfx (LLPFX 18.90, -0.52, -2.68%) , rising 26.6%.

Midcap funds averaged an 18.4% gain, with midcap-blend up 19.5%, midcap-value adding 18.9% and midcap-growth up 17%. Notables in these categories included a 41.9% gain for Kinetics Small Cap Opportunities Fund /quotes/comstock/10r!kscox (KSCOX 17.31, -0.29, -1.65%) and a 38.1% advance for Fidelity Leveraged Company Stock /quotes/comstock/10r!flvcx (FLVCX 17.14, -0.56, -3.16%) .

The biggest U.S. stock funds, meanwhile, matched the market’s faster pace — and at times outran it.

Dodge & Cox Stock Fund /quotes/comstock/10r!dodgx (DODGX 74.63, -2.68, -3.47%) soared 23.1%, well ahead of the 16.4% average gain for its large-cap value peers. American Funds’ Growth Fund of America /quotes/comstock/10r!agthx (AGTHX 22.49, -0.57, -2.47%) rose 16.7% and Fidelity Growth Company Fund /quotes/comstock/10r!fdgrx (FDGRX 53.82, -1.53, -2.76%) added 15.9% — slightly better than their large-cap growth category’s 15.6% return.

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