(as of 7:10 AM PST)
Solid though unspectacular economic data seems to be providing a base from which stocks might spring to further gains as the day progresses. It's a mixed market, close to flat-line at this point, in spite of generally good news out of Asia and Europe. The ISM services index showed good growth in that sector. Services represents about 75% of our economic base, so the index is closely monitored by analysts. There are still rumors of further economic stimulus activity from China and Europe. A meeting of the European Bank (ECB) tomorrow might provide direction on the scope of a new program. Gold is up along with oil despite the surging US dollar.
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