Investors Are Finally Starting to Appreciate the Record Rally in Stocks
Investors aren't euphoric about the markets, but they are finally starting to recognize the bullish fundamentals across the economy.
Investors aren't euphoric about the markets, but they are finally starting to recognize the bullish fundamentals across the economy.
That's the assessment from Martin Baccardax, TheStreet's London Bureau Chief.
The Dow Jones Industrial Average popped 0.82% by mid-day in New York, after hitting its 71st record since last year's election earlier in the session. Fueling the gains were big earnings beats from the likes of Caterpillar Inc. (CAT) - Get Report , 3M (MMM) - Get Report and McDonald's Inc. (MCD) - Get Report -- big names with a global reach -- that were buttressed by stronger-than-expected U.S. numbers from General Motors (GM) - Get Report and Lockheed Martin (LMT) - Get Report .
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