Wall Street surged Thursday, extending its rally into a second session as tumbling energy prices bolstered an already upbeat mood that followed stronger-than-expected quarterly reports from big names like JPMorgan Chase and United Technologies. The Dow Jones industrial average rose nearly 150 points.THIS IS GOOD NEWS FOR EVERYONE EXCEPT DEMOCRATS - WHOSE ENTIRE PLATFORM SEEMS ALWAYS TO DEPEND ON BAD NEWS.
Investors got a double dose of good news after weeks of angst about the economy. Light, sweet crude fell $5.31 to settle at $129.29 a barrel after dropping more than $10 in the previous two sessions. Three components of the Dow industrials—JPMorgan Chase & Co., United Technologies Corp. and Coca-Cola Co.—issued comments that generally indicated that their businesses are holding up despite sometimes difficult economic conditions.