Pfizer helped keep the rally alive Tuesday. The drug maker gained 3.2% after its quarterly profit more than quadrupled, pushing the Dow closer to 14,000. On Monday, the January stock rally looked to be fizzling, but on Tuesday the market resumed its ascent toward record levels. The Dow is up 6.5% this month, the S&P 500 up 5.7%. Both are at their highest in five-plus years. Home builder D.R. Horton rose 11.8%; its quarterly net income more than doubled. Valero Energy was the biggest S&P 500 gainer, up 13% after profit soared. But a report that consumer confidence sank in January to the lowest in over a year muted the day’s optimism.
January 30, 2013
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