Despite what doom/gloomers say, economy roars on.
POSTED BY: AURaptor
UPDATED: Thursday, October 23, 2025 22:23
VIEWED: 13580
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( Just more fuel for the economy which is on FIRE! )
U.S. Stocks Rise on Verizon Profit; S&P 500 Nears 5-Year High
May 2 (Bloomberg) -- U.S. stocks rose as earnings from Verizon Communications Inc. exceeded analysts' forecasts, easing concern that higher interest rates may curb profit growth. The Standard & Poor's 500 Index reached an almost five-year high.
TXU Corp. led a rebound in utility shares as the largest Texas power producer said profit climbed on higher electricity prices. A drop in Treasury yields also boosted the group.
Emerson Electric Co., the world's biggest maker of power supplies for telecommunications systems, and Archer Daniels Midland Co., the No. 1 grain processor, joined Verizon in reporting results that topped Wall Street's expectations.
``We still keep seeing better-than-expected earnings,'' said Cummins Catherwood, who helps manage $800 million at Walnut Asset Management in Philadelphia. Companies such as Verizon and Emerson are ``posting some impressive stuff. That gives me encouragement about our economy.''
The S&P 500 added 7.46, or 0.6 percent, to 1312.65 at 2:18 p.m. in New York, the highest since May 21, 2001. The Dow Jones Industrial Average rose 74.76, or 0.7 percent, to 11,418.05. The Nasdaq Composite Index gained 5.70, or 0.3 percent, to 2310.49.
Stocks reached their highs in early afternoon trading as Treasury yields fell to their lows on the day and a gain in oil prices lifted energy shares.
Almost two stocks rose for every one that fell on the New York Stock Exchange. Some 1.14 billion shares changed hands on the Big Board, in line with the same time a week ago.
Exceeding Forecasts
Better-than-expected reports have lifted the earnings growth rate for S&P 500 companies in the first quarter to 14.1 percent, from 13.6 percent a week ago, according to Merrill Lynch & Co. chief market analyst Mary Ann Bartels.
Stocks made up most of their declines from a day ago, when remarks attributed to Fed Chairman Ben S. Bernanke suggested the central bank may not pause its series of 15 straight interest rate increases soon.
People love a happy ending. So every episode, I will explain once again that I don't like people. And then Mal will shoot someone. Someone we like. And their puppy. - Joss
" They don't like it when you shoot at 'em. I worked that out myself. "
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It would seem that good news isn't what 'some' folks want to hear.
Gee, I wonder why?
People love a happy ending. So every episode, I will explain once again that I don't like people. And then Mal will shoot someone. Someone we like. And their puppy. - Joss
" They don't like it when you shoot at 'em. I worked that out myself. "
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Because there's nothing really here to discuss, gee I wonder why?
So how's that biggest rich/poor gap of any developed nation coming? All good! Excellent, good luck with that, cause everythings fine, after all.
It would seem that 'some' folks only want to hear good news, sticking their head in the sand and all that.
Gee, I wonder why?
More insane ramblings by the people who brought you beeeer milkshakes!
And as you know, these are open forums, you're able to come and listen to what I have to say.
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Quote:
Originally posted by citizen:
So how's that biggest rich/poor gap of any developed nation coming?
Good thanks. How's the effort to push us into the slavery of godless communism going for you?
H
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Quote:"Everyone on my block has two jobs, and they're in debt, and can't fix their cars, or go to the dentist, but I just got a raise and a new SUV, so that means my block is full of poor sods that just don't WANT to be prosperous, like me."
Originally posted by citizen:
It would seem that 'some' folks only want to hear good news, sticking their head in the sand and all that.
This must be the thinking here, Citizen.
Chrisisall, basking in the wonderfull multi-national corporate profits
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Quote:PirateHero, how nice of you to post...
Originally posted by Hero:Quote:
Originally posted by citizen:
So how's that biggest rich/poor gap of any developed nation coming?
Good thanks. How's the effort to push us into the slavery of godless communism going for you?
H
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Quote:
Originally posted by Hero:
How's the effort to push us into the slavery of godless communism going for you?
The same as your effort to assasinate the president leaving your path clear to create a Corporate Lawocracy with you at it's head as supreme Lawyer/Dictator.
Why?
Come-on, if you're going to expose my British-Commie-Nazi-Alien-Jew plans don't think I'm not going to expose yours.
Not good behaviour considering we're bank rolling you. Let's keep these discussions to the sex orgies in bohemian grove yeah, that's what they're for.
More insane ramblings by the people who brought you beeeer milkshakes!
And as you know, these are open forums, you're able to come and listen to what I have to say.
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Not sure where you are seeing the good news exactly.
That stocks, and secific stocks at that, are doing well, is not relevant to average cost of living versus average income in this nation.
Sure, big companies are doing well. companies are getting extremely efficient at cutting costs, and our government has only their interests at heart. Deregulation is destroying our beloved capitalism, and soo much of this is happening under this congress.
Clinton shouldn't be given a pass on this either. Signing the bill(I'm sure it was republican, but there's little difference between many democrats and republicans on such issues) to allow media deregulation to the extent it has been, was just about the worst thing a President could have done in my opinion
Explain to me why, in your informed opinion, more wealth being consolidated into the largest companies, making it harder for smaller businesses to find a market, making it harder for people to find employers competing for their work, is good.
Explain to me what your numbers show about the health of the middle class in this country.
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You folks are missing the point. The Republicans say the economy is strong, so it is. End of story. Now do as you're told and shut the hell up.
Though, from this Admin's point of view, the economy is strong. Oil companies are raking it in, the rich are getting richer, and to hell with anyone without a yacht.
"I thoroughly disapprove of duels. If a man should challenge me, I would take him kindly and forgivingly by the hand and lead him to a quiet place and kill him."
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Quote:
Originally posted by citizen:
The same as your effort to assasinate the president leaving your path clear to create a Corporate Lawocracy with you at it's head as supreme Lawyer/Dictator.
At least everyone will have their day in court. Nobody decides 'not to sue'. No limits on award...or fees. Death penalty for all along with unlimited mandatory appeals.
Imagine a world were you take your lawyer with you to the hospital to consult with the hospital's lawyer on whether or not to treat your broken leg and if an agreement is reached then the two of them open negotiations with the Doctor's lawyer, a representative of the nurse's association and the Court of Medical Claims. Assuming it passes the Court's mandatory arbitration (with or without a hearing and appeals) you may or may not be approved to receive a visit from a doctor so long as the paperwork is all filed correctly and a suitable period of review and comment has passed with no objection from local special interest organizations after two announced public hearings and an opportunity for objections to be filed.
In my world ignorance of the law would not just be no excuse...it would be fatal.
H
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