Posted on 11/14/2006 1:40:18 PM PST by Signalman
NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday, with the Dow posting a new record close, as investors welcomed upbeat news from Wal-Mart Stores and Intel, lower oil prices and a big drop in a key measure of inflation.
The Dow Jones industrial average (up 89.65 to 12,221.53, Charts) gained 0.7 percent, according to early tallies, closing at its highest point ever. The blue-chip barometer also hit a record trading high near the close.
The broader S&P 500 (up 8.89 to 1,393.31, Charts) index gained 0.6 percent and ended at its highest point since November 2000.
The tech-fueled Nasdaq composite (up 24.21 to 2,430.59, Charts) added 1 percent and ended at its highest point since February 2001.
Treasury prices rallied, lowering the corresponding yields. The dollar weakened versus other major currencies.
Oil and gold prices slipped.
Here's a look at what was moving markets near the close. Tuesday's market
Stocks slipped in the morning as investors considered the implications of the day's economic news, as well as earnings from Wal-Mart Stores, Home Depot and others.
But the tone improved in the afternoon, with a variety of sectors bouncing back.
(Excerpt) Read more at money.cnn.com ...
LOLOL.....oh nooooooooooooooo WALMART
The press is reporting positive economic news in advance of the Democrat takeover of Congress. I predict they will do these while at the same time trumpeting the lack of health insurance and rising cost of college tuition.
Wasn't one of OBL's goals to drive the stock market into ruin...I wonder if he is crapping his corn flakes in some cave as he reads about the new high..
Meadow Muffin
One must be alive, in order to crap in one's cornflakes ....
Just sayin'
But, the voters want CHANGE!
It's all about interest rates and the price of energy
"Dow hits record high BUT financial experts remain gloomy as it was not as high as expected."
What a difference a week makes, huh?
Leni
Thank you Democrats. You have not even taken control of Congress yet and the economy is booming. I knew you could do it.
Yes, with the lowest core inflation in years, lowest unemployment in years, lower budget deficit, and DOW soaring, Pelosi calls for a "new direction" for America.
What an idiot.
Uh oh... Some of the people around here may have bailed out a bit early! They got out of the market as soon as the DUmbRats won. They should have waited till this week and the would have made Mo Money!
Along with ALL the idiots that voted for the "new direction"!
I had to stay quiet at work, when I heard the Lie-Berals cheering the DUmmie Congress wins. I knew if I asked them what they wanted the Rats to change about the current situation...
" the lowest core inflation in years, lowest unemployment in years, lower budget deficit, and DOW soaring" plus lowest gas prices in about 3 years and NO terrorists attacks in over 5 years...
That the answers they would have given me would have probably made me EXPLODE on them and say some things that would probably get me on the Sh*t list! So I had to stew quietly.
See, I own my business. I fire liberals and they know it.
Ah, I contract that to illegals.
:)
(Actually, I have no idea who cleans the place. They do it at night. Could be liberals, I suppose.)
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