When all you read is gloom, turn here for a much different perspective.

Friday, December 18, 2009

Nasdaq Now Up Nearly 75% From 2009 Low


Earlier this week we looked at what the current "dead cat bounce" meant for the Dow Jones Industrial stock index, but with a strong late Friday rally, Nasdaq Index returns have been even more impressive.

Up nearly 75% since the March 10th trough, the tech laden index spiked up another 1.5% on Friday, to close up almost 950 points since its late winter low...

(click to enlarge chart)
Source: Google Finance

Earlier in the week the Philly Fed factory survey registered activity at a 4-1/2 year high. Activity accelerated rapidly in the U.S. Mid-Atlantic region in December the survey showed. "This will mitigate concerns that the factory sector might be slowing," said Tony Crescenzi at PIMCO.

With the mounting reports of a jobs rebound, the stock market equity gains, and these business climate improvements, US retail consumers will likely be in a merry mood for the final week of Christmas shopping.





2 comments:

  1. shanteparkhurst,

    很高兴听到的博客可以照亮你的一天!


    GNE

    ReplyDelete

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