Monday, March 29, 2010

MIDDAY LUNCH

Dow 10900.16  +49.80, Nasdaq 2406.78  +11.65,S&P 1172.19  +6.20 

The action in the market today is lackluster with stocks falling off their high; materials stocks +1.3% and energy stocks +1.8% are continuing to support the market.  While, financials stocks are in the red by -0.2%

Commodities are higher today with broad-based strength. The CRB Commodity Index is up +2.0%.

The Dollar has fallen against competing currencies today, on reduced concerned about Greek’s deficit and signed of an economic recovery.

Consumer spending in the U.S. rose in February for a fifth straight month and a jobs report on April 2 may show the largest increase in employment in three years. Additionally, the European Union reported an improvement in business and consumer confidence.  There was also news today that China's GDP will spike +12% this quarter.

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