Dow ends at 6-year high, eBay hits Nasdaq

[RedEarth]

NEW YORK (Reuters) - The Dow industrials ended at the highest level in six years on Thursday as encouraging quarterly reports from companies such as General Motors Corp. (GM) boosted optimism about earnings.

Tech shares slid and the Nasdaq fell after Web auctioneer eBay Inc. (EBAY) gave a disappointing revenue forecast.

The Dow is not far from its lifetime high of 11,750.28, which it hit on January 14, 2000. The Nasdaq and the Standard & Poor's 500 Index <.SPX> hit five-year intraday highs.

After the bell, Google shares jumped nearly 6 percent to $439 in electronic trading from a Nasdaq close at $415. Google Inc. (GOOG), the leading Web search company, reported its quarterly net income and revenue surged, driven by gains in market share against rivals such as Yahoo Inc. (YHOO) and Microsoft Corp. (MSFT).

General Motors gave the biggest boost to the Dow after it reported a narrower-than-expected loss and said its turnaround was working. Shares of the world's largest automaker jumped 10.1 percent.

http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=bus&src=202&news_id=bus-n13178506&date=20060420

[LSparkle]

1. Whoop-de-f***ing-doo

[Pirate Smile]

2. People will be thrilled as they fill up their cars with $3 gas.

[wordpix2]

14. $3.09 in CT and I have to fill tomorrow. Bad news

[napi21]

3. I'd be thrilled IF I had lots in the market! Guess what? I don't!!!

Sure, it probably raised the value of my 401K...a wee bit, but I'd much rather hear something like "The trade deficit dropped an unprecidented $500 Million in the first qtr!" or "The price of a barrel of crude dropped precipitiously because the US announced they were pulling out of Iraq and dropping the nuke threat against Iran! DOWN to $40.00 BBL!"

OK, I did have two beers just before I posted this. Delusional again I guess!

[ECH1969]

4. If the US drops its threats against Iran Israel will start

dropping bombs on Iran very soon thereafter. If the US pulls out of Iraq the whole country will fall apart.

The only solution is to put real money in alternative energy and ban the hedge funds from buying and selling oil futures. Oh, and also arrest a few oil execs.

[napi21]

8. I don't agree with your predictions.

I think the US should tell this newly elected Gov't in Iraq that they have 30 to decide what they're going to do and another 60 days to implement their plans and get their own government up and working, because WERE pulling OUT Sept. 1st! While we're there, we'll help them in any way we can with whatever they need, but then...it's THEIR Country! I really don't see things any worse if we stay for another 3 years, like Shrub thinks we should! If the Iraqi's can't stop a civil war, it will happen with or without the US.

As far as Israel bombing Iran, I don't know. Maybe. But that's Israel's problem, not mine! I would think it's would be in their best interest to learn how to talk to their neighbors instead of constantly depending on the US to cover their butts.

[ClintonTyree]

10. There's a lot of Iraqi oil that hasn't been stolen yet.

does anyone honestly think they're going to walk away from this windfall? Not on your life....they're stealing Iraq's oil faster than they can pump it and they're not going to give hat up. It doesn't matter how many soldiers have to die. They WANT that oil!

[wordpix2]

15. what makes you think Israel, which is surrounded by Arab nations, wants to

drop a bomb on Iran? Israelis are not so stupid as to stir up the ME hornet's nest. Only BushCo is as dumb as that.

[Mojorabbit]

16. A couple of state congressmen

told my hubby just that. They are waiting for it.

[Rose Siding]

5. It should be trickling down to us any minute!

http://www.lisashea.com.nyud.net:8090/lisastrips/europe03/photos/fri/boy2.jpg

[KansDem]

6. Yes!!! "Golden Showers" from those who have the gold!

Trickle on me...hurry!!!

edited for punctuation

[William Seger]

7. This is where most of *'s tax cuts to the rich are going

... right back into the Wall Street Casino to reinflate the bubble. Doesn't do a damn thing for the economy.

[ClintonTyree]

9. "Irrational Exuberance"........

As Alan Greenspan would say. There's nothing at all supporting these prices. Nothing. We're due for another "redistribution of wealth" from the little guy to the big guy again. It's time to fleece the sheep again so "Bush's base" can rake in even more wealth. Fools and their money............ :eyes:

[Roland99]

11. Google's P/E is now something like 85

[regnaD kciN]

12. Yep, during the Clinton years...

...the Dow was soaring due to strong economic growth.

Now, it does so only when the oil companies have the chance to boost gas prices above $3/gallon.

:grr:

[brentspeak]

13. So I take it all these new riches for the already-rich

will be producing a ton of new jobs, right? A new golden age of full-time, permanent jobs with great benefits!

Right?

Er, right?

[Amonester]

17. The only jobs they'll create will be located in places like...

Caymans... (Bookkeepping jobs...)
Switzerland... (Same...)
China... (Sweat shops...)
India... (Same...)
Mexico... (??)

Wait for the next "correction" (Cra$h when no worker can afford to buy anythin'...) :donut:

[Dinger]

18. That's Only Because The repugs Are On Their Way Out, & Everybody Knows It

:)