(As of 7:15 am PST)
Stocks are edging higher adding to gains for the 3rd
straight day. Investors were optimistic as they watched the Dow break through
an all time high in early trading yesterday. New buyers are coming in today
after payroll processor ADP reported private sector job growth of 198,000 in
February, more than expected. US factory orders declined 2% in February, but
the sharp decline was anticipated. International markets are higher with Japan
and Australia reaching multi-year highs and Europe trading up as well. Commodities
were lower with gold slipping as investors left the safe haven to take more
risk. We're seeing all time highs as corporate profitability is also near all
time levels. There's still some hurdles to jump through with the sequester, but
there is a good deal of momentum to the upside at this point.
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