Earnings Send Stocks Higher

By Kevin Spak,  Newser Staff
Posted Apr 30, 2009 8:42 AM CDT
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Stocks surged at the open, as better-than-expected earnings buoyed hopes that the economy is ready for a comeback, the Wall Street Journal reports. The Dow was up 71 points, while the S&P and Nasdaq rose 8 and 20 points, respectively. Earnings reports have been surprisingly good this quarter; about two-thirds of the S&P 500 companies that have reported have beaten estimates.