Input from Briefing.com on todays action.
<<Close Dow +159.19 at 10,117.62, Nasdaq +41.67 at 1,964.65, S&P +17.67 at 1,113.08: [BRIEFING.COM] It started off as boring as many of the recent trading sessions...then oil futures traded lower, and stocks got the push they needed...at the end of the day, the July contract for light crude was down only $0.58 to $41.14...that isn't all that dramatic, but it still proved that much need catalyst that traders had been looking for...after a lackluster morning, stocks trended steadily higher and buyers came out of the woodwork like they haven't for many sessions...volume wasn't particularly heavy, as only 1.55 billion shares traded on the NYSE, but the gains were extremely widespread...advancers led decliners by a wide margin on both the NYSE and Nasdaq...the morning economic numbers had little impact, as May Consumer Confidence was little changed from April, and existing home sales strength was seen as not all that surprising, and probably temporary....but once the indices started higher about noon, the gains were steady and confidence grew...few are ready to say this is the start of something big, but some traders suggested that the downside risk in the market has declined...the 10-year note was +2/32 to yield 4.72%... NYSE Adv/Dec 2781/573... Nasdaq Adv/Dec 2248/917.>> |
