Via CNN Money:
U.S. stocks closed at multi-year highs, as investors weighed a small pullback in oil prices and improving consumer confidence against a worse-than-expected drop in durable goods orders.
The Dow Jones industrial average (INDU) closed above 13,000 for the first time since May 19, 2008, after narrowly missing that finish line for the past several trading days. The DJIA added 24 points, or 0.2%. While the 13,000 level is not considered technically significant, it is a psychological milestone.
If Barack Obama is truly the anti-capitalist Kenyan socialist that all the wingers say he is, he really sucks at it.