Top 3 Reasons Today’s Markets Were Up
This story from Wall Street Cheat Sheet
Markets closed up on Wall Street: DJI +0.17% SP500 +0.24% Nasdaq +0.16% Gold +1.71%
The markets were up because:
- Economic Data has been strong ahead of tomorrow’s Unemployment Report. Initial Jobless Claims fell 42,000 after last week’s rise and ISM Non-Manufacturing Services followed this week’s big beat by Manufacturing. Don’t Miss: CHART OF THE DAY: A Major Engine of the Economy Is Not Double Dipping >>
- Retail data was a lot better than expected. Consumers are back. Check Out: Retailer Roundup: Your Cheat Sheet to the Winning and Losing Stocks >>
- Gold (NYSE:GLD) got a major lift off Bernanke’s Economic Outlook. Talk of QE3? Maybe. Now you need to knowEverything You Need to Know About How Gold will Explode >>
Here are today’s Top Moving Stocks:
- Fronteer Gold Inc. (AMEX:FRG), The Estee Lauder Companies Inc. (NYSE:EL), Brightpoint, Inc. (NASDAQ:CELL), China New Borun Corp (NYSE:BORN), Hansen Medical, Inc. (NASDAQ:HNSN), E Commerce China Dangdang Inc (NYSE:DANG), Market Vectors Junior Gold Miners ETF (NYSE:GDXJ), General Motors Company (NYSE:GM), AutoNation, Inc. (NYSE:AN), CVS Caremark Corporation (NYSE:CVS), Kellogg Company (NYSE:K), Goodrich Corporation (NYSE:GR), MasterCard Incorporated (NYSE:MA), and Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT).
- Now, see the Extraordinary Stocks in Today’s Market >>
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