Significant drop in unemployment claims appears to be the main driver, but previous weeks' figures continue to be revised higher. All the other news is really awful. Home sales plunged and so did durable good orders. But consumer sentiment rose, perhaps due to the results of elections. Wall Street is thrilled on thin pre-holiday trading.
Wednesday, November 24, 2010
Mixed News on Choppy Trading Sends Stocks Rocketing Higher
Labels:
consumer confidence,
durable goods,
stock market,
unemployment