A confusing stew of economic reports led to a gentle, yet uncertain trading day. Consumer Confidence fell while Retail Sales showed gains resulting in a mixed market at the close.
A gentle rally lifted shares higher on positive words from Citigroup and a stymied health care reform bill.
Stocks ended the session in positive territory after flirting with breakeven for most of the trading day. Here’s a recap of the day’s market action.
The stock market bulls celebrated with a higher close on the one year anniversary of the current run away bull market.
A lackluster, low volume market greeted investors on this first trading day of the new week. Good news that American International Group agreed to sell one its units kept the more bearish sentiment at bay during the session.
A melancholy yet bullish day on Wall Street with shares closing higher on the session, as financial shares led the advance.
Ford Motor Company posted a 43% increase in sales, beating rival General Motors for the first time since 1998. This bullish news combined with positive word regarding Greece’s debt situation led to a mildly higher stock market.