By Ryan Parsons | Dow Information found at Yahoo! Finance
The DOW is on the up, which is good for everybody.
It would seem that it could be said that the stock
market has rebounded off of the recession. Beginning around October 24 [the
end of the DOW trough], the market has experienced a rise that has yet to
quit.
Stock Market Rebounds from Recovering Recession
In what seems to be a final end to the recession encountered in the US for
the past three years, the market and job rate have responded. A nice little
bump occurred when the predicted increase of jobs for October, set around
170,000, actually came to a total of 370,00. This looks great, even though
a lot of the new jobs were government affiliated instead of the private
sector. Hey, it's a start right? Well, its a good thing that there are also
other economic indicators that are looking up.
Consumer Spending on a Rise
Most would credit the increase of consumer spending to a great increase
in retail sales. Retail sales had a sizeable boost from August to September
with a smaller increase into October. A lot of the credit, again, goes to
the increase of jobs and the end of an uncertain election. Even with record
oil prices, people seem to be certain to get in their shopping; maybe for
the holidays?
The DOW is on the up, which is good for everybody.
Add to Heffee!
