Strong Earnings Reports Lift Indexes to Four-Year Highs
Augusta Chronicle, The › August 02, 2005
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Summary
NEW YORK - The Standard & Poor's 500 index and Nasdaq composite index both reached four-year highs Thursday as investors, unfazed by oil prices nearing $60 per barrel, welcomed a raft of strong earnings reports.
The earnings, led by DaimlerChrysler AG and Bristol-Myers Squibb Co., further fueled investors' confidence in the stability of the economy. They also helped Wall Street look past a slight rise in first-time jobless claims reported by the Labor Department and another sharp rise in oil prices. A barrel of light crude settled at $59.94, up 83 cents, on the New York Mercantile Exchange.See the full content of this document
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Strong Earnings Reports Lift Indexes to Four-Year Highs
The question on many investors' minds, however, was how high the markets can go, and whethe...
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