Stocks soar; is economy turning around?

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A broad rally swept through Wall Street Friday as several big companies reported solid earnings and investors expressed optimism that a weekend meeting will bring European leaders closer to easing the continent's debt crisis.


The encouraging corporate news was in line with recent signs that the U.S. economy strengthened in September after a very weak summer. On Friday the government said unemployment fell last month in half of U.S. states and was unchanged in 11. That's much better than in August, when unemployment rose in 26 states.

Among the highlights on Wall Street:
  • The Dow Jones industrial average jumped 267.01 points, or 2.3 percent, to 11,808.79.
  • The Dow is now up 2 percent from where it started 2011. Before Friday's surge, it was down for the year.
  • The Dow has risen for four weeks straight, the first time that has happened since January. It is up 9.63 percent in the four-week span.
  • This is the longest winning streak for the Dow since the period ending Jan. 21.
  • The S&P 500 gained 22.86 points, or 1.9 percent, to 1,238.25. The broader index recorded its first three-week winning streak in eight months. The S&P is up 12.52 percent since Oct. 3.
  • The Nasdaq composite index gained 38.84, or 1.5 percent, to 2,637.
The quarterly earnings season is off to a strong start. Of the 118 big companies that reported earnings so far, 75 percent have beaten estimates, according to financial data provider FactSet.


The encouraging corporate news was in line with recent signs that the U.S. economy strengthened in September after a very weak summer.




http://bottomline.msnbc.msn.com/_ne...-soars-dow-in-positive-territory-for-the-year
 
  • The Dow Jones industrial average jumped 267.01 points, or 2.3 percent, to 11,808.79.
  • The Dow is now up 2 percent from where it started 2011. Before Friday's surge, it was down for the year.
  • The Dow has risen for four weeks straight, the first time that has happened since January. It is up 9.63 percent in the four-week span.
  • This is the longest winning streak for the Dow since the period ending Jan. 21.
  • The S&P 500 gained 22.86 points, or 1.9 percent, to 1,238.25. The broader index recorded its first three-week winning streak in eight months. The S&P is up 12.52 percent since Oct. 3.
  • The Nasdaq composite index gained 38.84, or 1.5 percent, to 2,637.
The quarterly earnings season is off to a strong start. Of the 118 big companies that reported earnings so far, 75 percent have beaten estimates...


Is this bad news for conservatives?

Now that Obama is keeping another promise - finally - by exiting Iraq, the economy Bush wrecked looks like their only hope.

The GOP had better step up their eforts to keep people from voting.
 
Is USFreedumb claiming to be rich?

I didn't know juvenile probation officers made 7 figures.

If he's not rich, Herman Cain says it's his own fault.

What do you say to that, fuck-face?
 
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