Stocks continued their upward march today, as the jobs picture seems to shaping up. Initial jobless claims fell by 10,000 for the week to 332,000. That means there were fewer people filing for unemployment benefits than most economists expected.
That news helped fuel yet another rally on Wall Street, with winners beating out losers. And a near record high close for the S&P 500. Heading into the last hour of trading, the S&P and Dow were up just under half a percent, and the Nasdaq was higher by .32%.
Investors still baffled by the strength in the market, are still cautious - tying the recent bull market to few other attractive investments and the Fed's monetary policies.
Hewlett Packard (NYSE:HPQ), IBM (NYSE:IBM) and Chevron (NYSE:CVX) are among big gainers on the Dow.
Tomorrow, investors will be looking at the Consumer Price Index, due out in the morning, and then Consumer Sentiment.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.