Stocks climb to 3-year highs on earnings boost

What is going on?? Why is stock keeps going up when dollar is going down the drain and gas price skyrocketing?


[link to money.cnn.com]

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.

Last Edited by MikeJ on 04/26/2011 05:03 PM