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Breaking Down the U.S. Economy

Daily Recap

U.S. stocks got off to a good start today, continuing to react to positive economic data that has come in over the past days and weeks. Looking forward, this will be another week of heavy economic data, as we're set to receive updates on consumer prices, retail sales, industrial production and consumer sentiment later in the week.

 

The Industrials weren't on board with today's rally, falling 59 points or a quarter of a percent, but that didn't hold back the other major averages. The Transports zoomed ahead 1.82%, while the Nasdaq gained 0.27% and the S&P 500 climbed 0.19%. Breadth on the day was positive, with 1800 winners vs. 1100 losers on the NYSE.

 

Europe took part in the festivities, where all major markets gained. A 2.30% rise in Italy and a 1.09% rise in Spain helped the Stoxx 600 to gain 0.47%. The Europe Dow climbed 0.71%. In Asia, it was a ... Log in or subscribe to continue reading.


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