Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra.
Investors shrug off inflation worries in anticipation of strong third quarter earnings reports.
Internet stocks surge again on positive news and expectations. Internet and financial stocks led a robust rally today, as investors shrugged off macroeconomic news to send the major indexes all significantly upward. Yeah, so the Fed indicated a tightening bias yesterday. Third-quarter earnings numbers are about to hit the market, and corporate profits look strong. The Dow closed up 187.75 to 10,588.34.