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Investors are believing in the Santa Claus rally again. After another strong week in stocks, many think the markets may continue rising.
The bulls made a run on Wall Street today with the Dow Jones Industrial Average making a 100-point push to set a new record close - ending the day above 12,400 for the first time. CNBC’s Melissa Lee had her “Eye on the Floor” during a busy trading day.
Diversified high-tech manufacturer Honeywell International said it expects to meet its 2006 profit target and forecast a 5% rise in sales and double-digit growth in earnings per share next year.
General Electric said it was raising its quarterly dividend by 12%, and that it expects to report a profit of $2.17 to $2.23 per share in 2007.