Don't Worry About Anything, We're Gonna Be A-OK

Forget the deaths in Iraq, all of our problems are solved for the DOW IS UP! WOOOOOOOO! GO MONEY!

From the Financial Times:

Wall Street steamed ahead on Tuesday, boosted by strong gains in transportation stocks and an upbeat report from the chip sector. Pharmaceuticals were also in the spotlight after a new study raised fresh questions about painkiller safety.

By the closing bell, the Dow Jones Industrial Average was up 0.9 per cent to 10,759.43 - a 3½-year high - while the S&P 500 was up 0.9 per cent at 1,205.45. The Nasdaq Composite rose 1 per cent to 2,150.91.

A strong rally in October and November has left shares in the leading US indices hovering near their highest levels since 2001, with the S&P 500 and the Nasdaq touching 3½-year highs last week. The strong gains that came in the wake of the US presidential election have given way this month to slower progress on Wall Street, however, leaving stocks trading mostly flat in spite of a slew of year-end merger and acquisition activity.

MONEY!