A morning rally sparked by strong new-home sales, better-than-expected retail sales and great durable-goods orders gave way to sell-off that brought the Dow down 110 points. But as a show of strength, the index snapped back to end the day up 90 points. That kind of action offers investors two important tells: 1. the market is showing resilience after months of showing none; and 2. Wall Street is confident about the future, of both the economy and stocks.
http://www.cnbc.com/id/29880153
No comments:
Post a Comment