Retail, tech lead Wall Street rally before jobs data
By Ryan Vlastelica
NEW YORK (Reuters) – Stocks closed sharply higher and the Nasdaq notched an eighth day of gains on Thursday as improved labor market and retail sales data added to optimism a day before the critical June payrolls report.
Equities have been on a tear recently as improving economic data and a potential resolution to Greece’s fiscal issues paved over fears of slowing growth and contagion stemming from the euro zone’s debt crisis.
The Nasdaq’s 8.3 percent gain over the past eight trading sessions is the most for the index in two years and the S&P’s 6.7 percent rise is its best since September 2010, as the market reacted to news of the Fed’s second round of stimulus. The Dow is up 6.6 percent over the same period. For more visit: Yahoo Finance
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
