Dow’s Massive Surge Exposes Wall Street’s Staggering Gullibility

The Dow and broader U.S. stock market edged closer to record highs on Friday after two of America’s biggest banks reported better than anticipated corporate results, proving once again that you can fool investors by setting expectations low enough. Dow Surges While S&P 500 Clears 2,900 All of Wall Street’s major indexes reported gains Friday, reflecting a solid pre-market session for Dow futures. The Dow Jones Industrial Average surged 269.25 points, or 1%, to close at 26,412.30.