HORRIBLE Market Hype ~ we need to establish new regulations for market hype
At 3:38pm, markets are dead.
$COMPX 2936.71 26.39 0.91% 1,284,755
$INDU 12852.24 93.09 0.73% 529,040
$INX 1353.74 10.38 0.77% 1,987,103
[BRIEFING.COM] Stocks are near their best levels of the day as they enter the final hour of the session. There hasn't been a lot of volume behind the buying effort, though.
Monthly consumer credit numbers were just released. The data showed that consumer credit climbed to $17.8 billion in February from a downwardly revised $16.3 billion in the prior month. Economists polled by Briefing.com had predicted, on average, that consumer credit would decline to $12.0 billion.
With only an hour remaining before the closing bell, many market participants are shifting their focus to what lays ahead. The Bank of England will announce its latest decision on interest rates at 7:00 AM ET. The European Central Bank will follow at 7:45 AM ET. Tomorrow also marks the deadline for the Greece's planned Bond swap. Domestic economic data is limited to the latest weekly jobless claims tally.
Nasdaq +22.95 at 2933.27... NYSE Adv/Dec 2285/710... Nasdaq Adv/Dec 1760/710.
14:30 ET DOW +78.18 AT 12837.33, NASDAQ +24.35 AT 2934.67, S&P +8.80 AT 1352.16
[BRIEFING.COM] Stocks recently slipped below their afternoon trading range, but have managed to reclaim their gains in recent trade. Strength remains broad based with eight of the 10 major sectors sporting solid gains -- Consumer Staples is stuck at the flat line, while the Utilities sector is down 0.1% after spending the afternoon trimming its loss. Nasdaq +24.35 at 2934.67... NYSE Adv/Dec 2310/655... Nasdaq Adv/Dec 1785/685.
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