(As of 7:15 am PST)
Markets are continuing their move higher to start the
second quarter of 2014. Dovish comments
from Fed Chairwoman Janet Yellen are propelling the moves higher. In a conference yesterday, the Chairwoman
said the central bank would maintain its support for the US economy for “some
time to come”, a remark that markets perceived as accommodative. No Fed speakers are scheduled to speak today
with investors eyeing some key data that hit the wires at 7 am PST. ISM Manufacturing edged up to 53.7 in March
from 53.2 in February while a report on construction spending also rose
slightly in the February period.
Investors are awaiting reports later this afternoon on truck and auto
sales but momentum remains firm to the upside.
International indexes are higher while commodity prices are mixed. Interest rates continue to rise as investors
liquidated treasuries to purchase equities. It looks like another positive day is in the
making with the S&P500 looking to hit another record close.
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