Positive earnings boost US stocks

Investor confidence in the United States raced ahead today as the Standard & Poor’s 500 index and Nasdaq composite index both reached four-year highs.

Thu, 28 Jul, 2005 - 23:02

Investor confidence in the United States raced ahead today as the Standard & Poor’s 500 index and Nasdaq composite index both reached four-year highs.

It happened as investors, undeterred by oil prices nearing $60 per barrel, welcomed a raft of strong earnings reports.

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