Markets were data driven to start the day, down smartly at the open. Retail sales numbers came in very weak and jobless claims were up. Since the open, however, losses have been cut and indexes are mixed, with the Nasdaq actually slightly to the positive. A merger of two cable giants was big news overnight. Comcast is buying Time Warner in an all-stock deal. Corporate profits were somewhat disappointing yesterday, but investors are brushing aside negative news for the most part. Oil and gold are both near unchanged while interest rates are up moderately. It will be a struggle today, but the positive momentum built up over the last few days might carry indexes higher.
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