U.S. stocks advance on Boeing's earnings

NEW YORK, April 23 (Xinhua) -- U.S. stocks advanced Wednesday on a better-than-expected profit report at Boeing Co.

Boeing, one of the 30 stocks that comprise the Dow Jones industrial average, reported a 38 percent jump in first-quarter earnings.

Major indexes also got dynamic after Liberty Mutual announced it planed to acquire Safeco at 6.12 billion U.S. dollars. The announcement sent Safeco shares surging. The deal would create the U.S. fifth-biggest property insurer.

The Dow Jones Industrial Average rose 42.99, or 0.34 percent, to 12,763.22. The Standard & Poor's 500 index rose 3.99, or 0.29 percent, to 1,379.93. The technology-heavy Nasdaq composite index logged a more sizable advance, rising 28.27, or 1.19 percent, to 2,405.21.