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Good News for the Stock market February 18, 2010

Posted by Marlowe Cassetti in Blogroll.
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A stream of good news has the stock market back on an upward path.

FILE - In this Feb. 12, 2010 file photo, Fred Demarco with Guzman and Co. works on the floor of the New York Stock Exchange. The stock market extended its advance Wednesday, Feb. 17, 2010, after Deere & Co.'s earnings beat expectations and the government issued an upbeat housing report. (AP Photo/Craig Ruttle, File)Encouraging corporate and economic reports Wednesday raised hopes that a recovery is taking hold although investors are still concerned about unemployment in the U.S. and debt problems in countries like Greece.

The Dow Jones industrial average rose 40 points a day after it jumped 170. That rally was also in response to stronger economic and earning news. Treasury prices fell Wednesday as demand for safe investments eased.(market commentary & photo courtesy of AP)

Nothing to report vis-a-vis RSI…no picks. Catch you tomorrow.

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