Gains continue Thursday on hopes of a better than expected payroll number Friday. The Dow (DJI) added 50.63 points to close the session at 10,320.10. The S&P 500 (SPX) gained 9.81 points to 1,090.10 with the Nasdaq (COMP) tacking on 23.17 points, or 1.06 percent, to 2,200.01. Volume was light on the session with the NYSE trading 960.7 million shares and the Naz turning over 1.69 billion shares. Market breadth was positive by a 21-to-9 and 17-to-10 margin on the Big Board and Naz respectively.
Economic data benefited the bulls Thursday with jobless claims falling, same-store sales increasing and pending home sales up unexpectedly. Of course, all of this will be for not if the employment data for August is... [Read More]
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