Stocks Rock: Dow Tops All-time Closing High

[sandy]

The Dow soared into record highs after a rise in home construction and a mild reading on consumer inflation encouraged investors to buy.:)

Investors were heartened by the Commerce Department's report that March housing starts rose 0.8 percent--much better than the drop investors expected. Building permits also rose.

Giving investors some additional relief, the Labor Department's core consumer price index rose 0.1 percent in March, less than expected, and alleviating some anxiety about the Federal Reserve's need to raise interest rates to curb costs.

The Dow traded as high as 12,790.02, passing its closing high of 12,786.64 set Feb. 20.:)

The stock market has been showing strength heading into the first-quarter earnings season. Analysts expected reports to show corporate growth is slowing, but so far this week, many companies' financial results have surpassed forecasts.:)

Coke's first-quarter profit jumped 14 percent.

[sandy]

The DOW made history today when it closed at 12,803.84. It had been as high as 12,838.46 before it closed.:eek: This is amazing news!

NEW YORK (AP) - The Dow Jones industrial average closed above 12,800 for the first time Wednesday, signaling Wall Street's recovery from its steep decline in February as investors rewarded companies with strong earnings.

The Dow moved as high as 12,838.46 before slipping back slightly to close at 12,803.84, breaking records set on Feb. 20.

JPMorgan Chase lifted the Dow after the bank reported a 55 percent jump in profits that far surpassed Wall Street's expectations. The 30 companies that make up the index—nearly half of which report earnings this week—have been mostly beating the Street's predictions.

What a great time to be an investor in the greatest country in the world!

http://www.breitbart.com/article.php?id=D8OJ7S7O0&show_article=1

[sandy]

NEW YORK - Wall Street bounded higher Friday, hurtling the Dow Jones industrial average to a record close approaching 13,000 as investors celebrated a week of surprisingly strong earnings reports. The major indexes all had their third straight winning week, their longest such streak since October. Some say will hit 14,000 by the end of the year....:boldred:

http://www.msnbc.msn.com/id/3683270/

[Hydra Sports]

I bet I don't hear any libs saying "It's Bush's fault!"

But I did hear it was Bush's fault that Alic Baldwin left that message for his daughter Ireland. :D

[sandy]

Nah. They're too busy saying the economy is bad and that we're in terrible shape.:rolleyes:

What a great time to be an American.:)