What do big earnings numbers mean for the economy?

Positive earnings reports from UPS, Caterpillar and other companies helped rally the stock market yesterday. The Dow was up by 201 points, hitting the highest mark in two weeks. Overseas growth looks positive as well and economists are eagerly waiting for the results of the European “stress test,” which looks at the financial health of Europe’s banks. Economics reporter for the Wall Street Journal, Kelly Evans, looks at the markets and what this rallying means for consumers.