Stocks soar as confidence builds

Discussion in 'Stock Market' started by Chris, Aug 2, 2010.

  1. Chris
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    Chris Gold Member

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    The Dow jumps more than 200 points; the S&P 500 and Nasdaq are ahead in 2010 for the first time since June. Economic reports from China, Europe and the US are better than expected. Oil tops $81.

    Stocks started August with a bang, jumping at the open on better-than-expected reports on manufacturing and construction spending.

    The move also got a big boost from rallies in Europe that lifted the euro against the dollar. The cheer from Europe, in turn, sent crude oil above $81 a barrel and led to a rally in copper.

    At 3:36 p.m. ET, the Dow Jones industrials ($INDU) were up 222 points, or 2%, to 10,688.

    Stocks soar as confidence builds- Market Dispatches - MSN Money
     
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  2. Oddball
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    Oddball BANNED Supporting Member

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    Who cares?...Just a bunch of them eeeevil rich people cleaning up on the backs of the sainted poooooooooooor.

    Right, Chrissy? :rolleyes:
     
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  3. Truthmatters
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    Truthmatters BANNED

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    The job numbers have been low here due to the Oil spill job loss.
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    More Economic Good News as the panic over EU financing subsides

    Great for anyone with retirement savings in the Market
     
  5. topspin
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    topspin BANNED

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    I hope that it is a confidence thing, as the recent economic news has been weaker than expected. Though earnings have been up about 30%.
     
  6. Tech_Esq
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    Tech_Esq Sic Semper Tyrannis!

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    Everything is still trading in a bracket, don't get too excited. There is still money to be made in the bracket though.
     
  7. Douger
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    Douger BANNED

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    3 grand so far today.

    Otras cosas.
    When one thing dies another takes it's place.
    Mpyre gets replaced with empire.
    Until you figure that out, you lose.
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    Right...The oil spill is driving the over 10% national unemployment rate. :rolleyes:
     
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  9. Jeremy
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    Jeremy TRANSFER!!!

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    :lol:

    You must spread some reputation around before giving it to Dude again.

    :lol:
     
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  10. topspin
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    topspin BANNED

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    12 grand for me
     

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