Another New Record For Dow

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12,163 today, another new record.

The Dow Jones industrials, lifted in part by component Exxon Mobil, had their fourth consecutive record high close. The generally upbeat earnings reports of the past two weeks have helped power the blue chips as well as the rest of the stock market; Thursday's batch of earnings also helped investors digest a pair of government reports that suggested an economic soft landing might be harder to achieve.

The market was initially inspired by data that indicated capital spending jumped by the most in more than six years, but then fell on a report that showed new home prices plunged at its steepest pace since 1970. Investors were particularly wary after the Federal Reserve, which on Wednesday left interest rates unchanged, said it remains concerned about inflation even as the economy is slowing.

Doesn't seem to be really slowing all that much, does it?

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