2010 Earnings Reports Boost Market

2010 Market Results

Several core companies have finished the year strong which has helped to propel the Dow Jones Industrial Average to numbers it has not attained in over 2 years. One of the leaders helping the trend has been Alcoa, Inc., a standard bearer for the industrial industry for decades. In something representative of the worlds transition from the industrial revolution to the technology revolution, Intel Corporation also has been a powerful driver behind the recent success of the Dow.

Experts see corporate profits recently as the primary source of momentum behind the market’s direction. The addition of the recent tax law changes and extensions are helping as well. While no one expects a bubble, signs are pointing many to expect a plateau due primarily to the current and near future condition of the job market in the U.S.

Federal Reserve Bank Chairman Ben Bernanke does not expect to see any continued decline in the unemployment rates. This unpleasant news will likely lead to an eventual slow down in spending and growth.