New York
CNN Business
—
Consumers may be worried about inflation and rising interest rates. But don’t tell that to Wall Street.
Stocks rose again Tuesday, putting the market on track for a third-straight day of gains in what’s turning out to be a very bullish October. The Dow was up nearly 275 points, or 0.9%, in midday trading. The blue chips have now rallied more than 10% so far this month.
The S&P 500 and Nasdaq were also sporting solid gains Tuesday, rising 1.3% and 1.8% respectively.
So why is the market in rally mode even though consumers are worried about the rising price of just about everything? There are two key reasons.
For one, earnings are still pretty good. GM
(GM), Coca-Cola
(KO) and UPS
(UPS) were a few of…
