- Sep 2, 2008
- 33,178
- 3,055
- 48
Market Report - Feb. 1, 2011 - CNNMoney.com
Well this certainly looks like good news, least on the surface. Thoughts USMB?
NEW YORK (CNNMoney) -- U.S. stocks started February with a bang Tuesday, with the Dow and S&P 500 closing above key psychological levels for the first time in more than two years, and the Nasdaq gaining almost 2%.
Investors overcame ongoing jitters over protests in Egypt and new developments in Jordan, where the king dismissed his government and appointed a new prime minister.
The Dow Jones industrial average (INDU) rallied 148 points, or 1.3%, to finish at 12,040, the highest June 19, 2008.
All but three of the 30 blue-chip components moved higher. A 5.5% jump in shares of Pfizer (PFE, Fortune 500) led the advance, with the drugmaker posting better-than-expected fourth-quarter earnings. Alcoa (AA, Fortune 500) and Bank of America (BAC, Fortune 500) were also big Dow gainers.
Well this certainly looks like good news, least on the surface. Thoughts USMB?