Earnings

Oil is still going strong, bumping over $122 a barrel. Despite this, markets posted positive numbers. Cisco reported a 5% decline in earnings, but it was accompanied by a 10% increase in sales. Disney's earnings beat estimates. Sprint, Nextel, and Clearwire are working on a deal to deliver super high-speed internet to wireless devices. What recession? DJIA +51.29 NASDAQ +19.19 S&P 500 +10.77