Rally Rallies On, Risky Retail, Jobs Shaky
Yesterday’s monster rally rallied on today despite a very sharp drop in Index Futures prior to the open. The pre-open selling was triggered by negative news emerging on the retail and jobs front. However a positive Treasury Auction and the unstoppable momentum of yesterday quickly turned shares positive on the day. The DJIA +36.58 climbed to 9398.19, the tech heavy Nasdaq advanced +10.63 to 2009.35 and the broad based S&P surged another +6.92 to 1012.73.
CIT Group
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KB Home
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Harris Corp
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Middleby Corp
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Oil added 36 cents to $70.99, gold climbed $4.00 to $956.50 while the fear index VIX slipped 2.91% to 24.71.
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