Among the various indicators that investors saw today which consequently pushed the DOW up 100+ points are these three.
Fed Ex posted a nice second quarter report indicating that people are clearly buying and trading merchandise. The S&P closed above 1,100 again and this is regarded as one of those psychological trip lines that once crossed potentially spells clear sailing. Finally there was a bounce in new home sales in June from May. Housing cannot possibly be more central to the market and the US economy. It is right up there with energy AKA oil.
Reuters: Stocks climb on home sales data
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