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We all know the Clinton bounce in the economy was due to Reagan and Bush I's economic policies. The recession that began in 2007 was due to Clinton's horrible incompetency.
Finally, Bush has saved our economy.
This just goes to show what allowing the invisible hand of the free market (GOP) will do for your economy if you just let it.
Finally, Bush has saved our economy.
Stocks climb to 3-year highs on earnings boost
NEW YORK (CNNMoney) -- U.S. stocks finished at their highest levels in three years Tuesday afternoon, as investors cheered another batch of earnings results and a better-than-expected report on consumer confidence.
The Dow Jones industrial average (INDU) gained 115 points, or 0.9%, the S&P 500 (SPX) rose 12 points, or 0.9%, and the Nasdaq Composite (COMP) added 22 points, or 0.8%. Both the Dow and the S&P climbed to their highest levels since June 2008, while the tech-heavy Nasdaq closed at its highest mark since October 2007.
"Corporate earnings have been strong and are a good sign of global growth," said Dave Rovelli, managing director of U.S. equity trading at Cancaccord Adams.
So far, a third of the S&P 500 companies have opened their books, and 75% of them have beat expectations, according to Thomson Reuters. Earning are up almost 19%, while sales have climbed nearly 3%.
Rovelli said upbeat results from shipping company UPS (UPS, Fortune 500) are particularly compelling given the company's reach into the global economy. Shares of UPS rose 0.9% Tuesday after the company posted a 66% rise in profit and raised its full-year earnings outlook.
NEW YORK (CNNMoney) -- U.S. stocks finished at their highest levels in three years Tuesday afternoon, as investors cheered another batch of earnings results and a better-than-expected report on consumer confidence.
The Dow Jones industrial average (INDU) gained 115 points, or 0.9%, the S&P 500 (SPX) rose 12 points, or 0.9%, and the Nasdaq Composite (COMP) added 22 points, or 0.8%. Both the Dow and the S&P climbed to their highest levels since June 2008, while the tech-heavy Nasdaq closed at its highest mark since October 2007.
"Corporate earnings have been strong and are a good sign of global growth," said Dave Rovelli, managing director of U.S. equity trading at Cancaccord Adams.
So far, a third of the S&P 500 companies have opened their books, and 75% of them have beat expectations, according to Thomson Reuters. Earning are up almost 19%, while sales have climbed nearly 3%.
Rovelli said upbeat results from shipping company UPS (UPS, Fortune 500) are particularly compelling given the company's reach into the global economy. Shares of UPS rose 0.9% Tuesday after the company posted a 66% rise in profit and raised its full-year earnings outlook.
This just goes to show what allowing the invisible hand of the free market (GOP) will do for your economy if you just let it.
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