Independent, Fee-Only Financial Advisor
Tuesday, April 26, 2011
Stocks climbed to fresh multiyear highs, boosted by consumer optimism and strong earnings from industrial heavyweights. The Dow Jones Industrial Average soared .9% to a fresh three-year high. The S&P 500 also gained .9%, and the Nasdaq Composite wasn't far behind, ending up .8%. The broad advances put the S&P 500 at its highest point since June 2008, while the Nasdaq ended just a few points off of a 10-year high. The gains came amid an uptick in U.S. consumer sentiment and a wave of strong earnings numbers from 3M, Cummins and Ford Motor. DJIA +115.49 Nasdaq +21.66 S&P 500 +11.99.