NEW YORK - Stocks surged Tuesday, lifting the Dow Jones industrials more than 120 points as strong earnings from General Motors Corp. and Sun Microsystems Inc. helped Wall Street extend its recovery from last week's plunge.
Investors were also eager to buy back into the stock market after economic snapshots suggested tame inflation and rising consumer confidence.
The market seemed to be focusing on the good news and ignoring the negative. Though the Commerce Department's year-over-year core personal consumption expenditures, a closely watched inflation measure, was up 1.9 percent in June and within the Federal Reserve's comfort zone, the data also showed that personal …
Комментариев нет:
Отправить комментарий