Monday, March 29, 2010

CLOSING BELL

Dow 10895.86  +45.50, Nasdaq 2404.36  +9.23,S&P 1173.22  +6.63 

The market was able to post gains today dispite financials that lagged the market from the opening bell.

The weaker dollar helped the market today.  The dollar fell -0.4% today against competing currencies on reduced concerned about Greek’s deficit and signed of an economic recovery.

The dollar's decline proved a bust to energy stocks, which led the market today with a +1.8% gain. Oil was higher closing up +2.7% higher to $82.16 per barrel.

Broad-based interest for natural resources helped the CRB Commodity Index post a +2.1% gain, which was its best single-session percentage advance in more than one month.

In economic new today, consumption expenditures in February increased +0.3%, as expected, while core personal consumption expenditures were flat, which missed estimates.  Total and disposable income posted no growth in February.  Economist had expected a +0.1% increase.

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