Stocks Grind Higher, Positive Economic Data, FOMC Minutes
A lackluster higher grinding session in the major indexes despite a plethora of positive news. Strong earnings from Deere & Co combined with positive news from the productivity and housing fronts fueled the struggling advance. The FOMC minutes revealed that the Fed is pleased with the economic progress but are concerned about the employment situation. The DJIA fought higher by +40.43 to 10309.24, the Nasdaq advanced +12.10 to 2226.29 and the S&P 500 moved ahead by +4.64 to 1099.51.
^C^: Climbed 3.02% or 10 cents to $3.41/share on word that billionaire investor John Paulson increased his holdings.
^DE^: Jumped higher by 5.02% or $2.70 to $56.48/share after crushing analysts estimates and upping its full year forecast.
^WFMI^: A JP Morgan Chase upgrade to “overweight” sent shares higher by 12.55% or $3.83 to $34.35/share.
^OMX^: Climbed 2.38% or 35 cents to $15.08/share after posting a gain instead of the loss analysts forecast.
Oil added 41 cents to $77.42, gold gain 20 cents to $1120.00 and the VIX fear index dropped 2.38% to 21.72.
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