| 13:30 ET Dow +76, Nasdaq +8, S&P +5.64: [BRIEFING.COM] Indices are off their highs but selling efforts have been held in check as the encouraging rate cut by the ECB, and the surprisingly good sales results from the retail sector, have helped fuel the market's anticipatory nature.... In other words, those developments, along with the Fed's easing actions, have given bulls added reason to believe that better times lie ahead for the macro-economic environment, and by extension, for earnings prospects in the latter half of the year... Accordingly, selling efforts have lacked conviction... NYSE Adv/Dec 1809/1132... Nasdaq Adv/Dec 1969/1620. |
