Home Sales Drop, Stocks Up, Employment Improves
A melancholy yet bullish day on Wall Street with shares closing higher on the session. A surprise drop in home sales counteracted positive word from the employment front. Financial shares led the advance as the U.S. dollar gained solid strength against an embattled Euro. Investors are anticipating the nonfarm payrolls report prior to trading Friday. The DJIA advanced +47.38 to 10444.14, the Nasdaq moved higher by +11.63 to 2292.31 and the broad bases S&P 500 climbed +4.18 to 1122.97.
^ANF^: Led the S&P 500 higher climbing 14.57% or $5.28 to $41.52/share after sales grew in February.
^FDO^: Climbed 8.07% or $2.63 to $35.24/share upon raising its 2nd quarter profit forecast.
^PETM^: Beat analysts estimates sending shares higher by 8.01% or $2.22 to $29.93.
^TIVO^: Surged 61.90% or $6.32 to $16.53/share after winning a patent court case against Dish Network.
Oil fell 43 cents to $80.44, gold dropped $9.60 to $1134.00 and the VIX index gave back another 0.58% to 18.72.
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