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Dow Ends Up 96 and Closes at Record High(11,948)
yahoo.com/ap ^
| Oct 12, 2006,
| Tim Paradis
Posted on 10/12/2006 1:50:34 PM PDT by Grampa Dave
Thursday October 12, 4:40 pm ET
By , AP Business Writer Dow Ends Up 96 to Close at Record High of 11,948 on Earnings Optimism; Nasdaq Gains 38
NEW YORK (AP) -- The Dow Jones industrial average broke through 11,900 to close at a record high Thursday, boosted by optimism over the health of corporate earnings. According to preliminary calculations, the Dow Jones industrial average rose 95.57, or 0.81 percent, to 11,947.70. The previous record close from Tuesday was 11,867.17.
The index's gain marked its fifth record close in two weeks. The intraday high set Thursday was 11,959.63, eclipsing an earlier record of 11,872.94 set Monday.
The markets were more upbeat than on Wednesday, which saw a lackluster start to earnings season. On Thursday, investors shrugged off some economic data that could stir concerns about the health of the economy and instead focused on positive news from McDonald's Corp. and on oil prices, which remain near lows for the year.
"In general, we're getting friendly reports between oil inventories being up higher than expected and then some bellwether companies that are exceeding estimates," said John C. Forelli, portfolio manager for Independence Investment LLC in Boston.
Broader stock indicators also moved higher. The Standard & Poor's 500 index was up 12.88, or 0.95 percent, at 1,362.83, and the Nasdaq composite index showed the day's biggest gain, advancing 37.91, or 1.64 percent, to 2,346.18.
TOPICS: Breaking News; Business/Economy
KEYWORDS: hoover; itstheeconomystupid; newrecordfordow; worsteconomy
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To: Grampa Dave
"Happy Fitzgiving and a Merry Fitzmas to all the rats across the country who have invested in whatever rats invest in."
LOL!!!! I second that!
21
posted on
10/12/2006 2:04:32 PM PDT
by
1035rep
To: JRios1968
22
posted on
10/12/2006 2:04:32 PM PDT
by
Grampa Dave
(There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
To: Anti-MSM
So how will the MSM spin this tonight?
23
posted on
10/12/2006 2:05:44 PM PDT
by
Grampa Dave
(There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
To: Grampa Dave
That's right, she was doing much better after stopping the menthol cigarettes. Don't smoke menthol cigarettes!
24
posted on
10/12/2006 2:06:09 PM PDT
by
RightWhale
(Repeal the law of the excluded middle)
To: Grampa Dave
Apparently doubly sad ,Reid appears to have invested in real estate and Pelosi appears to have heavily invested in face-lifts.
25
posted on
10/12/2006 2:06:39 PM PDT
by
builder
(I don't want a piece of someone else's pie)
To: shankbear
Vile/Evil Damn Republicans!
26
posted on
10/12/2006 2:06:42 PM PDT
by
Grampa Dave
(There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
To: builder
Rush was all over Reid's so called transparent million $ real estate scam.
27
posted on
10/12/2006 2:08:10 PM PDT
by
Grampa Dave
(There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
To: RightWhale
Don't smoke menthol cigarettes!Okay.
28
posted on
10/12/2006 2:09:04 PM PDT
by
Cobra64
(Why is the War on Terror being managed by the DEFENSE Department?)
To: Grampa Dave
Well, Pelosi explains that "sure, the wealthy people are getting wealthier ... but there are more poor people getting poorer".
Thing is, if you have a job, chances are you have some money in the market.
To: All
Speaking of Pelosi. She had a severe case of Gavel Interuptus, after this news.
30
posted on
10/12/2006 2:11:17 PM PDT
by
Grampa Dave
(There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
To: Cobra64
I heard the same advice from my voice coach, too. Menthol will be a problem eventually.
31
posted on
10/12/2006 2:11:21 PM PDT
by
RightWhale
(Repeal the law of the excluded middle)
To: BunnySlippers
Or your employer has a stock that is going up or if one is employed by a small business person, the boss has a 401k for employees.
32
posted on
10/12/2006 2:13:12 PM PDT
by
Grampa Dave
(There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
To: RightWhale
"This is good news, but is tempered by the knowledge that Grace Slick will be 67 very soon"
No recent pictures, please. I want to remember her as she was, young, rich, and griping about how bad it is that people get rich in America.
33
posted on
10/12/2006 2:15:09 PM PDT
by
SaxxonWoods
(...ON 11/7, YOU ARE EITHER WITH US, OR WITH THE DEMOCRATS...)
To: SaxxonWoods
She had a fairly strong voice, fair range, good sound, and it held up. Can't ask for more.
34
posted on
10/12/2006 2:19:08 PM PDT
by
RightWhale
(Repeal the law of the excluded middle)
To: Grampa Dave
Meanwhile, MSNBC has Chrissy interviewing Robin Williams and Director of a recent movie remake bashing the current administration policies all taking place at Georgetown University. In touch with us working class tax paying idiots once again.
35
posted on
10/12/2006 2:19:21 PM PDT
by
poobear
(Political Left, continually accusing their foes of what THEY themselves do every day.)
To: Grampa Dave
36
posted on
10/12/2006 2:19:21 PM PDT
by
alice_in_bubbaland
(Islam is the Death Cult of Perpetual Outrage!)
To: Anti-MSM
This is another vile trick by Rove!
37
posted on
10/12/2006 2:19:38 PM PDT
by
Grampa Dave
(There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
To: Grampa Dave
I'll know it was Rove when that sucker goes pass 12000 tomorrow.
38
posted on
10/12/2006 2:20:07 PM PDT
by
chemicalman
(Doing my part to maintain global warming.)
To: alice_in_bubbaland
Perfect for the Halloween Season.
39
posted on
10/12/2006 2:21:37 PM PDT
by
Grampa Dave
(There's a dwindling market for Marxist Homosexual Lunatic wet dreams posing as journalism)
To: Grampa Dave
40
posted on
10/12/2006 2:22:27 PM PDT
by
RockinRight
(She rocks my world, and I rock her world.)
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