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Stock traders shrugged off the long weekend deluge of apocalyptic subprime mortgage articles as the Dow Jones Industrial Average and the Dow Jones Transportation Average rose to new all-time highs Tuesday.
"Things just look good," says Michael Driscoll, head of sales and trading at Bear Stearns. "It is worrisome to me when Barron's says everything is comfortable, but I can't shoot holes in it at all."
The Dow industrials gained 0.2% Tuesday to close at 12,786.72, while the S&P 500 gained 0.3% to close at 1459.65. The Nasdaq Composite closed up 0.7% Tuesday to 2513.04. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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