Midday Report: Stocks Inch Higher Following 2 Days of Big Gains

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Market waveringNEW YORK (AP) - A rally is losing steam on Wall Street as indexes inch higher following two days of triple-digit gains.The Dow Jones industrial average was up 16 points at 14,091 at midday. It's just 73 points below the record high it reached in October 2007. The Dow had jumped 291 points over the past two days on new signs of strength in the housing market and a jump in consumer confidence.

The Standard & Poor's 500 was up two at 1,518. The Nasdaq composite edged up seven to 3,169.

J.C. Penney (JCP) plunged 19 percent after the struggling department store chain reported a full-year loss that was bigger than analysts were expecting.

Wendy's (WEN), Domino's (DPZ) and the clothing chain Chico's (CHS) were all up after reporting higher profit and revenue.

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lpi2007

So let me get this straight, so it cost 70.00 to fill a gas tank, 150 a week in food for 2 people, gas prices 50 cent less then the record high, minimum wage 7.50 a hour, homeless people have tripled in the last 2 years, welfare at a record high for the Obama voters, millions and millions above the norm unemployment and the stocks markets are high, WHAT IN THE F%$#K do you think is happening.... stupid people of the U.S. you don't have to be a rocket scientist.... USE YOUR BRAIN.....

March 01 2013 at 2:39 AM Report abuse rate up rate down Reply
Glen Pudwill

What happened to the daily report?

February 28 2013 at 4:30 PM Report abuse rate up rate down Reply