Reply #29: 9:43 EST markets are open (and happy) and blather [View All]

[UpInArms]

Dow 10,452.99 +47.29 (+0.45%)
Nasdaq 1,986.98 +13.10 (+0.66%)
S&P 500 1,170.89 +5.53 (+0.47%)
10-Yr Bond 4.588 -0.03 (-0.07%)

NYSE Volume 109,840,000
Nasdaq Volume 120,557,000

9:40AM: Market opens higher amid encouraging Q4 economic growth... While the Commerce Dept.'s second and final revision on Q4 GDP was left unchanged at 3.8%, checking in slightly below economists' upwardly revised forecasts of 4.0%, the relatively old data still signaled a strong pace of economic expansion heading into early 2005 and have underpinned a floor of support for stocks following yesterday's sell off...

The GDP chain deflator (inflation measure), however, was revised to a stronger 2.3%, as was the core PCE deflator to 1.7%, but both figures provide little implication for the inflation trend for 2005...

(added blather on edit)