Positive economic data is pushing stocks higher this morning. A very strong revised 3rd quarter GDP number surprised the market. The 2.8% increase was higher than expected. Lower jobless claims also added fuel to the fire. A surprise rate cut of .25% by the European Central Bank caused the Euro to fall sharply against the dollar, which is also stronger against all other currencies. The ‘Twitter’ IPO is generating a buzz this morning. The popular tech messaging company is expected to rise though its 26 dollar IPO price. For all of the buzz this morning, market gains are less than robust. It may be another sign that this extended rally is wearing out investors. Gold and oil are down.
Thursday, November 7, 2013
Economic Journal - Thursday, 11/7/2013
(as of 7:00 AM PST)
Positive economic data is pushing stocks higher this morning. A very strong revised 3rd quarter GDP number surprised the market. The 2.8% increase was higher than expected. Lower jobless claims also added fuel to the fire. A surprise rate cut of .25% by the European Central Bank caused the Euro to fall sharply against the dollar, which is also stronger against all other currencies. The ‘Twitter’ IPO is generating a buzz this morning. The popular tech messaging company is expected to rise though its 26 dollar IPO price. For all of the buzz this morning, market gains are less than robust. It may be another sign that this extended rally is wearing out investors. Gold and oil are down.
Positive economic data is pushing stocks higher this morning. A very strong revised 3rd quarter GDP number surprised the market. The 2.8% increase was higher than expected. Lower jobless claims also added fuel to the fire. A surprise rate cut of .25% by the European Central Bank caused the Euro to fall sharply against the dollar, which is also stronger against all other currencies. The ‘Twitter’ IPO is generating a buzz this morning. The popular tech messaging company is expected to rise though its 26 dollar IPO price. For all of the buzz this morning, market gains are less than robust. It may be another sign that this extended rally is wearing out investors. Gold and oil are down.
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