The Dow Jones industrial average and the Standard & Poor's 500index reached their highest levels in nearly 19 months Tuesday asupbeat economic reports suggested inflation is under control andbetter times are ahead for the nation's battered manufacturingsector.
The rally drove the Dow up more than 100 points and also helpedthe Nasdaq composite index close higher after being down for much ofthe session. Analysts said investors were rotating away from riskiertech stocks and into large-cap value companies as they seek to lockin gains before the end of the year.
"The long-term economic numbers are strengthening, which I thinkis good, so now let's see if the corporate …

No comments:
Post a Comment