Posted on 09/11/2009 6:25:51 AM PDT by fiscon1
Markets were up about one percent yesterday. This movement appears to have come as a result of the better than expected weekly jobs report. That showed that new jobs claims dropped to 550,000, the lowest in about two months. There's some breaking economic data. This time it is import prices for the month of August. They rose by about 2%. So far, the market has shrugged off the news and markets are relatively unchanged. The University of Michigan consumer confidence index will come in about an hour and a half. I have no data on what the consensus for that number will be.
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